We all know from Bonddad and Jerome a Paris diaries of the precarious dollar situation: we are literally at a precipice and an ill wind can blow us off. Well, Saudi Arabia and the UAE are taking their countermeasures to the ports deal and Bush is going to blame the Democrats when the dollar plunges.
It's our jobs to not let them. Bush brought us to this precipice after Clinton put America into the black after Reagan and Bush I's tax cuts for the rich.
UAE, Saudi considering to move reserves out of dollar
WASHINGTON -- A number of Middle Eastern central banks said on Tuesday they would seek to switch reserves from the US greenback to euros.
There's a bit more to read in that link but that about sums it up... right in time for the Iranian bourse. Jerome?