Uncle Sam sleeps with the fishes as mobsters prefer euros to dollars

Is this a lowlife leading economic indicator? If so it’s certainly not a promising one

The weakened US dollar has fallen out of favor with organized crime groups to pay for drug shipments or to settle scores. … If the greenback continues its slide in 2008, as expected, more and more criminals are likely to exchange euros for illicit goods, said Criminal Intelligence Service Canada in its annual report.

If we ask the Godfather for a favorable balance of trade on the day of his daughter’s wedding do you think he can get it? Will Ben Bernanke wake up with a horse’s head in his savings account?

One thought on “Uncle Sam sleeps with the fishes as mobsters prefer euros to dollars

  1. Pingback: Recent Links Tagged With "euros" - JabberTags

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