The euro is going to be the unit of the oil price before long.

The ONLY international currency is the US dollar. Even Saddam tried to make his escape with a truckload of dollars. Oil will continu eto be bought and sold with dollars, regardless of short-term fluctuations.

Dollars are accepted worldwide for anything. The only thing you can buy with euros is poorly made cars and stinky cheese.

Dollars are accepted worldwide for anything. The only thing you can buy with euros is poorly made cars and stinky cheese.

Posted by vernon at 2007-09-21 06:04 PM

using that Vern calculator agin I see...

Vern pull yer head outa the sand fer second and think...and

Read the China link with that story-The dollar is in a very precarious situation. If China decides to dump the dollar we will be in for one heck of a wide ride.

But, really it is about the fact the Bush has led us into this situation where a foreign governments - Beijing, Saudi Arabia - have the power to set off a dollar collapse if they choose to do so.

"China has accumulated a large sum of US dollars. Such a big sum, of which a considerable portion is in US treasury bonds, contributes a great deal to maintaining the position of the dollar as a reserve currency. Russia, Switzerland, and several other countries have reduced the their dollar holdings.

heck of a job Bushie! But by Vern's calculatun we could just print more money if we need it huh Vern?

ok, now you can bury yer head back into the sand now Vern!

Its like America's "Pay Back" from God for all the Evil its instigated and propagated in our world - for all the innocent people its tortured and murdered and exploited.
Plus its not only pay back to Bush and Cheney and the Wall St.Nazis but to all Americans who've passively let these White House monsters do as they pleased!

Hehehe.... funny to see panicky people crying the sky is falling.

The invisible hands of God are at work in this nation.

China needs the US more than the other way.

Everything that can be shaken will be shaken. That's in the Bible. Good to shake Saudi Arabia off.

One nation under God: America will have a wonderful Thanksgiving and an amazing Christmas this year. By Christmas, Bush will be glowing that even his haters the dems and libs will begin to see a little light.

Rejoice America!

Bush and his mindless zombie followers have done their worst. Hope you have some liquid assets because Bush is driving the dollar into the ground. That might be good for our job market if the American corporations actually manufactured their exports products using US workers, but no all of the export benefits will flow straight to the top thanks to NAFTA and other global trade agreements. Its a bad time to be a lower middle class American. Unless your assets can tread water in the inflationary market your never going to have the opportunity to get ahead.

George Bush has done his best to kill the American Dream.

Hehehe.... funny to see panicky people crying the sky is falling.
Posted by takitez at 2007-09-21 07:13 PM

glad you can see the humor in it all... not that I see a lot of folks actually panicking ...yet...America won't collapse...

I am not an economist but I can tell you if the the bottom drops out of the dollar it won't be a good thing and a lot of innocent people will suffer because of that...probably including you.

Hope you and your God enjoy the show... brought to you by irresponsible government...your irresponsible government!

"The only thing you can buy with euros is poorly made cars and stinky cheese."

And a lot more US dollars than when Boy George took office.

In 2003, 1 Euro = 87 cents.

Today, $1.40.

You do the math: good trend, or bad trend?

I thought BushCo trashing our international reputation and the debacle in Iraq were our biggest concerns...
try a worthless dollar on for size !

We can be sure that the WH criminals are safely divested in a real currency.

One Canadian dollar = one American dollar. With Canada as our biggest trading partner, that has to has to raise the price of imports, especially energy and commodities.

"1 Euro = $1.40"

Man! Out here those heavenly greek sandwiches cost upwards of $6!

I guess now I can't afford that Mercedes Benz.

So saudi doesn't think the dollar is worth its value and refuses to follow.

Wow, let's see who follow Saudi's line of thought.

Under Hoovers watch the US went into depression. Under Bushs watch the ecomomy went to hell and he left us with a hundred year war. I hope he's proud of his legacy.

"I hope he's proud of his legacy."

Posted by reznwerks

Hell he's not even aware of it.

Wow, let's see who follow Saudi's line of thought.

Kuwait already jumped ship. The rest of the oily arab countries are getting ready to bail.

Of course, with 3.5 billion in US Treasury paper, the saudis get to do whatever they want.

Like knock down the WTC and arm al queda and the taliban.

Hell he's not even aware of it.

I hate to say it, but I think Junior thinks history will show him as a great president on the level of Lincoln and Roosevelt. Mommy and Daddy are no doubt proud of him too.

A lot of ignorance on this thread. Run for the hills!! The sky is falling!!! Aaaaahhhhhhhhhhh!!! Etc.

"I think Junior thinks"

Never met him, have you?
He doesn't; The Perfect Puppet.

Hehehe.... funny to see panicky people crying the sky is falling.

Posted by takitez at 2007-09-21 07:13 PM | Reply | Flag


A lot of ignorance on this thread. Run for the hills!! The sky is falling!!! Aaaaahhhhhhhhhhh!!! Etc.

Posted by rightisright at 2007-09-21 09:10 PM | Reply | Flag


Hmmm!!!!!!!

No worries, every thing is just great, this is supposed to happen. The economy is going great!!!!

RIR

RiR


Skull and Bones met today and decided to let George be pres til 2012.

They were afraid he hadn't quite met all their goals.

Feel better now?

"pres til 2012."

The Arctic should be ice-free by 2014 or so at this rate, maybe he'll drown.

Hey Zat

Unrelated question, you'd probably know...

Any market at all for stereo equipment from the early seventies: tuner, reel to reel, turntable, etc?

McIntosh?

You bet!

Yes, the world is much worse off because of the United States of America. You would all be much better off without us. Nice of you to mention Nazis as they would be jackbooting your ass right now if not for us.
I get the feeling that YOU are an american though. You are part of the reason we might fail... and the world with us. The problem is that it will be too late for you to change your tune.
The losers don't like the champion, the winner, so you nip at his heels and try to undermine him. Why don't you take the knife out of your own back?

That was for donnerboy

maybe it was anticadillac

The good news is oil will soon hit $30 a barrel, according to Vernon's calculator.

"I hate to say it, but I think Junior thinks history will show him as a great president on the level of Lincoln"

History will, at best, show him as a Pinto or Edsel actually. In reality, he's the American Yugo.

EricPRoberts-
re: That was for donnerboy

I was about to ask.

But I've just checked through this thread and only saw where donnerboy criticized current management (ie, the Bush administration) for malfeasance and incompetence. I can't see where he blamed the constitution, or the US in general.

Eric-
Did I miss something?

The real inflation rate shows through on international markets.

Average Americans nicely isolated in a bubble, for now.

What would tbe price per barrel of oil be if it was traded in Euros and not pegged to the US dollar?

Zat

Nah.

Not quite that quality. Although I do recall it cost roughly 5X my monthly Navy pay.

Why do people assume that oil will be pegged to the dollar next year simply because it is today?

Ted
My MR78 still rocks 30 years later.
Not even a pilot light.
I miss Frank.

Dollars are accepted worldwide for anything. The only thing you can buy with euros is poorly made cars and stinky cheese.

Posted by vernon

I found out, that I even can buy Dollars with my Euros.

Yes, the world is much worse off because of the United States of America. You would all be much better off without us. Nice of you to mention Nazis as they would be jackbooting your ass right now if not for us.
I get the feeling that YOU are an american though. You are part of the reason we might fail... and the world with us. The problem is that it will be too late for you to change your tune.
The losers don't like the champion, the winner, so you nip at his heels and try to undermine him. Why don't you take the knife out of your own back?

Posted by ericproberts
==============
The problem Eric is that the US of years ago is not the US of today and we have been sold out by the conservatards. Remember when we were #1 in the world for power, education, standard of liveing etc? It was under democrats and strong unions.

The criminal federal reserve has put the US and the world in a crises unlike we've seen since 1929. The Saudis aren't going to ruin their economy like bernanke and greenspan before him, were willing to do. The credit bubble is going to pop with devastating results.