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Drugs Win Drug War with Genocide of Dollar by Rena Silverman |
Drugs Win Drug War with Genocide of Dollar by Rena Silverman The dollar built a latter made out of cocaine, fell off, and is now at the bottom, watching the Euro climb. According to a US anti-drug official on Friday, there's a rise in cocaine availibilty in Europe and a decrease in the U.S. and these factors explains the euro's new strength against the dollar. Mr Walters, who spoke in Brussels, also expressed concern about the rise in Colombian cocaine's journey to Europe via Venezuela and West African. "There have been speculations that the power and strength of the euro and the cost of cocaine here in Europe have been the reason here for the movement - it's more profitable and it's a better currency exchange," he said. The euro has risen by almost 20% against the dollar in the past 12 months, striking a record above $1.59. On Friday, the euro hit $1.5825. Mr. Bush said last month he "absolutely" would like to see a stronger dollar. Meanwhile, the world's major economic powers, the G7, met on Friday, warning financial markets that they won't sit by and watch the dollar continue to deteriorate against other big currencies, such as the euro. Let us ALSO be reminded that the Euro, is the currency for the European Union, which consists of 13 culturally and linguistically distinct nations, more unified than the U.S. |