Originally posted by BrilloPad
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Why OIL price is tied to the Dollar ?
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The squint, the cocked eye and clenched first are the cornerstones of all Merseyside communication from birth to grave -
Because when a country starts trying to sell it's oil in anything but USD, America does one of following
*Invade (Iraq)
*Declare you a terrorist supporter and threaten to invade (Iran)
*Declare you a corrupt commy pig and start financially supporting your enemies (Venezuela)
And US will continue to do this and get away with it until the Saudi's turn against them, which will never happen because USA is their biggest supporter, even though Saudi Arabia makes Iran and North Korea combined look liberal and democratic and produces majority of islamic terrorists.
But on flip side, less than 7 years ago all LARGE transactions in banking instruments used to be always in USD, but that has been changing a lot recently, partially due to the weaking dollar but more because of the massive interfearance by the US Fed Reserve in transactions that had nothing to do with them beyond the payments being made in USDComment
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Originally posted by Not So Wise View PostBecause when a country starts trying to sell it's oil in anything but USD, America does one of following
*Invade (Iraq)
*Declare you a terrorist supporter and threaten to invade (Iran)
*Declare you a corrupt commy pig and start financially supporting your enemies (Venezuela)
And US will continue to do this and get away with it until the Saudi's turn against them, which will never happen because USA is their biggest supporter, even though Saudi Arabia makes Iran and North Korea combined look liberal and democratic and produces majority of islamic terrorists.
But on flip side, less than 7 years ago all LARGE transactions in banking instruments used to be always in USD, but that has been changing a lot recently, partially due to the weaking dollar but more because of the massive interfearance by the US Fed Reserve in transactions that had nothing to do with them beyond the payments being made in USD
I happen to recall a few months an article which stated that if China dumpedi ts dollar reserves it would be akin to an atomic bomb on the US economy - surely the Chinese must be in a position now - given the chaos on Wall St to do exactly that ?
Remember China has already threatened to use (real) Nukes against the US should they decide to intervene with Chinas claim to Taiwan.Last edited by AlfredJPruffock; 26 September 2008, 13:15.Comment
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Originally posted by AlfredJPruffock View PostRemember China has already threatened to use (real) Nukes against the US should they decide to intervene with Chinas claim to Taiwan.
Oh hang on, they've already done it, but they waited for Maggie to retire.Comment
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Originally posted by AlfredJPruffock View PostI happen to recall a few months an article which stated that if China dumpedi ts dollar reserves it would be akin to an atomic bomb on the US economy - surely the Chinese must be in a position now - given the chaos on Wall St to do exactly that ?
So while they could tank the economy at any time, they would take a nearly as big hit themselves
But it has been known for a while the Chinese have been slowly but surely quietly offloading their dollar reserves at discounted prices, which on top of everything else weakened the dollar even moreLast edited by Not So Wise; 26 September 2008, 14:04.Comment
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Originally posted by TimberWolf View PostJust let them try taking Hong Kong, we'd send out the fleet.
Oh hang on, they've already done it, but they waited for Maggie to retire.Comment
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Originally posted by expat View PostNothing to do with a 99-year lease signed in 1898, hen?Hang on - there is actually a place called Cheddar?? - cailin maith
Any forum is a collection of assorted weirdos, cranks and pervs - Board Game Geek
That will be a simply fab time to catch up for a beer. - Tay
Have you ever seen somebody lick the chutney spoon in an Indian Restaurant and put it back ? - CyberghoulComment
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alien
Can any of you pundits then suggest which currency money should be kept in ? Surely not dollars ?Comment
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Originally posted by 2uk View Postalien
Can any of you pundits then suggest which currency money should be kept in ? Surely not dollars ?Comment
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Originally posted by 2uk View Postalien
Can any of you pundits then suggest which currency money should be kept in ? Surely not dollars ?
EUR seems to have been the next most popular after USD. I still think CHY will take a stronger and stronger position.Comment
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