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Valero Energy Corporation Message Board

  • cmontx cmontx Aug 2, 2010 5:37 PM Flag

    US Dollar Still the King

    I guess Iraq will equalize their currency with our dollar one for one now, since we will pull out, and leave about 200 billion taxpayer dollars behind. Try using Iraqi money anywhere else. Nobody will want it. Our dollar is their Gold. You can't pay for your Hotel in Africa and the Middle East with local currency, and they really don't like the Euro, or British pound. The world standard for hard currency is still the dollar, and it would be smart, I think, to stack them high right now. Maybe XOM, HAL, VLO, INTC, GE, and any stock which sells bullets and munitions will be OK, in lieu of cash.

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