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echo: barktopus
to: Phil Payne
from: George Sherwood
date: 2006-10-26 20:52:20
subject: Re: Dollar losing influence

From: "George Sherwood" 

On Thu, 26 Oct 2006 16:03:06 +0100, Phil Payne wrote:

> Something else I told Mark and the Garys - and was laughed at.  Now you can
> laugh at Greenspan:
>
>
http://today.reuters.com/news/articlenews.aspx?type=businessNews&storyid=2006
-10-26T142042Z_01_WBT006123_RTRUKOC_0_US-ECONOMY-GREENSPAN-DOLLAR.xml&src=rss&r
pc=23
>
> WASHINGTON (Reuters) - Former Federal Reserve Chairman Alan Greenspan said
> on Thursday both private investors and central bank were shifting away from
> the U.S. dollar and toward the euro.
>
> "We're beginning to see some move from the dollar to the euro,
both from the
> private sector ... but also from monetary authorities and central banks,"
> Greenspan told a conference sponsored by the Commercial Finance Association.
>

BS, I was laughing at your claim three years ago that the dollar would
carry the same value as the Bangladeshi currency.  It is your extremism in
predictions of the dollar, investors switch money around, but Greenspan is
not talking about the collapse as you have been for years. Dream on.

George

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