Posted on 05/01/2008 8:21:58 AM PDT by RaceBannon
Cannot post article, see link below::
THIS IS HUGE NEWS BECAUSE THE ENTIRE WORLD USES DOLLARS TO BUY OIL.
IF DOLLARS ARE NOT USED, THEN THERE WILL BE NO NEED FOR DOLLARS IN THESE NATIONS BANKS, AND THESE COUNTRIES WILL HAVE SPARE DOLLARS THAT WILL NEED TO BE CHANGED TO EUROS, MAKING THE DOLLAR MUCH LESS USEFULL.
FOREIGN COUNTRIES THAT ARE INVESTING IN AMERICAN TREASURY BILLS WILL EXPERIENCE LOWER INTEREST RATES, SIMILAR TO THE FED DROPPING INTEREST RATES YESTERDAY, ONLY INSTEAD OF DOMESTIC RATES GOING DOWN,
THE COLLAPSE OF THE DOLLAR WORLD WIDE MEANS FOREIGN INVESTMENT WILL SHUT DOWN,
COUNTRIES WILL DEMAND THEIR MONEY AS SOON AS POSSIBLE BEFORE THE DOLLAR DevalUES ANY MORE,
IF THE DOLLAR DECLINES MORE, THEIR INVESTMENT IS WORTH LESS AND MATURES MUCH SLOWER,
IN OTHER WORDS, IT MAKES FOREIGN INVESTMENT A BAD CALL FOR OTHER COUNTRIES,
IT MAKES OUR CURRENCY MEANINGLESS TO OTHER COUNTRIES.
THEY WILL BE FORCED TO CHANGE THEIR CURRENCY TO EUROS TO BUY OIL IF OPEC DOES THIS.
ALL THEIR DOLLARS IN THEIR BANKS WILL BE MEANINGLESS
THAT MEANS MAJOR INFLATION HERE
IT MEANS DEPRESSION ON A SCALE WE SAW ONLY IN 1929, ON,lY WORSE SINCE THERE ARE NO INDUSTRIES HERE ANYMORE TO MAKE OUR GOODS, WE MOVED THEM OVERSEAS, REMEMBER?
DONT THROW OUT YOUR BOMB SHELTER OR AMMUNITION YET, HUNTING FRESH MEAT MAY BE THE ONLY WAY YOU ARE GOING TO GET IT TO YOUR OWN DINNER TABLE.
Gulf States May End Dollar Pegs, Kuwait Minister Says (Update4)
http://www.bloomberg.com/apps/news?pid=20601087&sid=aKafZEdY2xF8&refer=worldwide
By Fiona MacDonald and Matthew Brown
By Fiona MacDonald and Matthew Brown
This must mean that it’s near time to start buying the dollar.
Gulf States May End Dollar Pegs, Kuwait Minister Says (Update4)
http://www.bloomberg.com/apps/news?pid=20601087&sid=aKafZEdY2xF8&refer=worldwide
By Fiona MacDonald and Matthew Brown
He didn’t have to shout.
IN THIS APOCALYPTIC FUTURE YOU ENVISION, DO WE ALL HAVE TO TALK IN CAPS?!?
sure I did...
If this happens the dollar will drop a little more and then get a LOT stronger in relation to the Euro. And then gas prices will drop.
I CAN’T HEAR YOU!!! I HAVE A BANANA IN MY EAR!!!
This has been discussed for years.
WE WON’T BE ABLE TO AFFORD CAPITAL LETTERS!
Invest in Euros.
Then use the other side, hamburger head! (Wild Hogs)
lol
If we had a government with a brain and a spine, they would tell the rest of the world that we will not accept payment for food in any currency but dollars...and that we will raise the price of food to the same percentage that they have raised up the price of oil.
It’s time our leaders play hard ball, because “free trade” is a myth.
That’s just fine. I say we pull ALL foreign aid immediately! Screw ‘em all
:)
NO, alot of other countries use their own currency to purchase oil. The USD is the peg to affix a price per barrel.
I don’t know. I sort of subscribe to the Pat Buchanan idea that “I liked it better when we were a Republic and not an Empire”. There are many burdens associated with being the sole superpower. Having everyone use your currency is one of them.
Dollars are used for a lot more than oil.
The reason they want Euros is that dollars are worth less all the time. The reason they are worth less is that the Fed has created far too many of them for far to long, way more than productivity gains would allow. Because that is an accomplished fact (dollar pollution) the price inflation we are starting to experience is a sure thing. Price inflation follows monetary inflation.
We can withstand a lot of price inflation without ending the world as we know it and having to subsit on jackrabits. With 300 million hungry humans there would not be much game around for long in a true collapse, so if you are really concerned I suggest buying a reading about how storing food.
Bulk wheat, powdered milk, dried beans and a few other basics are the usual recomendation.
I don’t know. I sort of subscribe to the Pat Buchanan idea that “I liked it better when we were a Republic and not an Empire”. There are many burdens associated with being the sole superpower. Having everyone use your currency is one of them.
Dollars are used for a lot more than oil.
The reason they want Euros is that dollars are worth less all the time. The reason they are worth less is that the Fed has created far too many of them for far to long, way more than productivity gains would allow. Because that is an accomplished fact (dollar pollution) the price inflation we are starting to experience is a sure thing. Price inflation follows monetary inflation.
We can withstand a lot of price inflation without ending the world as we know it and having to subsit on jackrabits. With 300 million hungry humans there would not be much game around for long in a true collapse, so if you are really concerned I suggest buying a reading about how storing food.
Bulk wheat, powdered milk, dried beans and a few other basics are the usual recomendation.
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