Nettime mailing list archives

Re: <nettime> The Oil Thickens...
chris mann on Fri, 24 Oct 2003 15:09:02 +0200 (CEST)

[Date Prev] [Date Next] [Thread Prev] [Thread Next] [Date Index] [Thread Index]

Re: <nettime> The Oil Thickens...

on 10/20/03 12:44 PM, Brian Holmes at brian.holmes {AT} wanadoo.fr wrote:
> codependent sharing of the dominant reserve currency role. A strong
> euro might ultimately attract England (and its North Sea oil) fully
> into the Euroland. A reorganization which, by giving Euroland a major
> financial center, could decisively change the balance of economic
> power in the world.

wasn't the iraq adventure (also) about keeping britain out of the euro?
'london stays where it is' was the argument that blair accepted for signing
up for a romp in the desert. and what do the russians do with their pile of
dollars? take the hit? unlikely. particularly seeing half of them are free,
ie counterfeit. the alternative is they use it as an expensive laundering
operation, but the eu would have to pay substantial premiums to make that at
all interesting and from here, while possible, that doesn't look likely.   

#  distributed via <nettime>: no commercial use without permission
#  <nettime> is a moderated mailing list for net criticism,
#  collaborative text filtering and cultural politics of the nets
#  more info: majordomo {AT} bbs.thing.net and "info nettime-l" in the msg body
#  archive: http://www.nettime.org contact: nettime {AT} bbs.thing.net