Can I help you? No, we don't sell pesto sausage, but we do have little weenies.

Sep 20, 2007

Ruh roh!

What would Scooby Doo?

Very disturbing article in the Telegraph.

Fears of dollar collapse as Saudis take fright
By Ambrose Evans-Pritchard, International Business Editor

Saudi Arabia has refused to cut interest rates in lockstep with the US Federal Reserve for the first time, signalling that the oil-rich Gulf kingdom is preparing to break the dollar currency peg in a move that risks setting off a stampede out of the dollar across the Middle East.

Thank you, George.

Non-fiddlers, please feel free to print out and color the picture of Scooby Doo above while the economy burns.

2 comments:

FranIAm said...

Just another sign that says "the US is f**ked."

pissed in NYC said...

W doesn't care, his assets are diversified. The rest of us? We are fucked.