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[Stock Lobster]

That rumor sounds very true, actually. The Gulf region papers have been clearly telegraphing that such a move would be imminent.

You can't blame them...who wants to hold a depreciating asset, which is projected to fall further? If the vast majority of US institutional investors and fund managers are bearish on the USD, why not the rest of the world?

Of course, a bubble may be building in the Euro. I suspect it is. I have long been bullish on Yen, not Euro, fwiw, because I still believe that a sustained Euro over $1.50 will have a very negative impact on the Eurozone, which will be seen in coming quarters.

But the market activity of the past couple of years, esp the past year, have thrown most projections out the window, and certainly would seem to indicate that the future direction of the world economy is changing, as players exchange places, and assets/economies which were last become front line, and others move to the rear.

What bothers me the most is that this is probably the end of US dollar hegemony, the end of vital resources like oil priced in Dollars, which will affect all of us here in the US for years to come, and Washington DC seems completely unconcerned. In fact, it almost appears they are deliberately accelerating the dollar's decline.

How bizarre.