What would Scooby Doo?Very disturbing article in the Telegraph.
Fears of dollar collapse as Saudis take frightThank you, George.
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.
Non-fiddlers, please feel free to print out and color the picture of Scooby Doo above while the economy burns.
1 comment:
Just another sign that says "the US is f**ked."
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