[quote=socrattt]
Eugene, that comment sounded like it had a little underlying cynicism. I don’t care what Bloomberg said, but I think the UN and Roubini tend to be an accurate source. Even if we forgot about the Roubini comments, the UN calling for a change to the reserve currency seems like an issue within itself. [/quote]
That was not the UN calling for anything. That was a bunch of academics writing a paper sponsored by one of UN’s subcommittees, expressing an OPINION that maybe things will be a bit smoother in future if dollar loses its reserve currency status.
It would take much more than an academic paper to force central banks of the world to change the way they do things.
[quote]I don’t care what the Forex markets state in regards to futures. I do plenty of trading in the futures markets and playing with manipulated currencies isn’t the best bet.[/quote]
You’re contradicting yourself. Will there be a dollar crash or not? If the answer is yes, who cares if currencies are manipulated – put money into forex futures NOW – the market is obviously wrong and you’re right! Next thing you know, you’ll be buying an oceantfront house in La Jolla.
