Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Because no one in the financial world is giving any attention to it. It's not been in the news and the stock markets have not priced it in, neither has the commodities market (i.e. OIL etc). These markets work in advance and hence for example the price of oil would have already factored in such a major change in the industry.
There is also the fact that currently over one trillion dollars worth of US currency is held overseas. This is a massive debt burden on the American economy because if any abdullah mulah fronts up with billions in American currency and wants to "cash it in" (ie. convert it to euros) then America has to honour that debt.
Also, the price of oil is not going to change regardless of whether its bought in dollars, pounds, peso's or coloured marbles.
It's hilarious watching you computer geeks (and teaboy Mailman) pretending you know something about economics. Stick to tape changing, Milan. And Mailman, don't exercise the brain cell too much. It'll only give you a headache.
ok disclaimer, I am not a sensationalist, but, I am watching this with interest
discarding any effect on the price of oil, you have hit the nail
on the head about the dollar reserves around the world because
of oil being traded in dollars
enabling trading in euros will allow dollar holders to reduce and the
impact of this on the dollar will be the most interesting part
Meh, in 18 days there will be a new conspiracy surrounding the new start date of WWIII. No doubt our resident mohio will be able to tell us everything about it, aye sasguru
Comment