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User Info Tavokoli...Credit Default Swaps, Dollar, Euro, Gold in forum [Credit]
Ricka01
Posts: 1250
Incept: 2009-03-05
Gold A True American Patriot!
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Recently from Janet Tavakoli...

http://www.huffingtonpost.com/janet-tava....

From the middle of the article:
"U.S. credit default swaps currently trade in euros. After all, if the U.S. defaults, who will want payment in devalued U.S. dollars? The euro recently weakened relative to the dollar, and market participants are calling for contracts that require payment in gold. If they get their way, speculators on the winning side of a price move will demand collateral paid in gold."

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