Russia has dumped the dollar !?

[tfcrew]

Anyone ever notice this news [earlier this year]

Russia dumps the dollar, commodities surge
Today's Financial News - Posted June 10, 2009

The figures are in and America’s trade deficit is soaring, even in the face of a nasty recession. The news is making Russia and China even more nervous than before. It has created a fantastic opportunity for commodity traders....

http://www.todaysfinancialnews.com/gold-and-resources/russia-dumps-the-dollar-commodities-surge-9272.html

[I/O]

Yeah, saw it and saw it for what it is, an ad for the author's advice reports. As long as USA remains the biggest single consumer of exports from China, Japan and others, she is holding far more aces than the doomsayers are prepared to admit.

Think about it for a minute, USA goes broke, China needs to sell her up to get it's money back, Russia buys with it's whole 400 billion of available capital, give me a friggen break, why would Russia want her if she is such a basket case, now China has to sell all it's junk to Russia who won't want to buy it because it has plenty of second class product of its own to palm off in a world market where the biggest single consumer is gone, we might all be driving Lada Nivas yet, gawd some of these doom sayers are idiots.

[tfcrew]

Actually, I found that page at a gold investment news site..

http://wholesaledirectmetals.com/

[JR]

Actually, I found that page at a gold investment news site..

http://wholesaledirectmetals.com/

Gold sellers are pretty much of the same ilk.

OTOH, there isn't enough foreign investment money to cover the trillions which the US will have to borrow in the next few years. Do I hear the printing presses in the background? Inflation anyone?