Re: license plates

On Nov 20, 1:11 am, "r�Bst�R" <thedeerhunter...@gmail.com> wrote:

The spot market trades in dollars, but it is possible for long term
contracts to be done in Euros.


There is the political angle to oil being sold in Euro's - hasn't Iran
threated to do it, although they haven't yet, it could be an empty
threat.

I don't think the fed will cut interest rates any more. Nearly all the
time, the cuts are done with a unanimous vote. At the last meeting,
there was dissent.


The US has a problem - on the one hand places like Cleveland are going
down the pad due to sun-prime, but on the other, inflation due to
oil.  I'd be siting on the fence if I was on the Fed's rate panel.

The cheap dollar hurts companies like Airbus,


I agree, it does indeed.

. And they are yelling, as well as the
Chinese, who have assets in dollars.


Didn't the Chinese sell a big load of dollars recently?   Chinese with
all those dollar assets is another story yet to pan out

Everything the Republicans  are in charge, we have these melt downs.


I agree wholeheartedly.

Now that everyone (besides me) as figured out that the gas price is largely due to the weak
dollar, there will be pressure not to weaken the dollar any more.- Hide quoted text -


If oil is traded in dollars, surely it doesn't matter what the dollar
trades at against other currencies?


OPEC knows the value (or lack thereof) of the dollar, and prices oil
accordingly.  The real problem is the financial types don't deal with
today, they deal with tomorrow. Thus they expect the dollar to fall
further, and factor that into the price.

It is really only symbolic that oil is traded in dollars, at least
today. It dates back to the time when (don't laugh) the USA pumped the
most oil, so the dollar ruled. If you recall your history, the first
well was in Titusville Pa. I forget the year (should be googleable),
the we have only had oil for a bit over a century, yet we kill for
it.

Prior to Reagan, the US used to import raw materials and sell finished
goods. Trickle down economics took care of that. While historians
agree that GW Bush is the worst president ever, the real damage
started with Ronald Reagan. It could have been worse, since the powers
that be expected GHW Bush to win at the time, i.e. Reagan was a fluke,
and the New World Order lost a few years on their agenda to destroy
the US as we knew it. That is, Reagan was destructive, but didn't do
as much damage as he could. GHW Bush should of had a second term, but
didn't drag out the first Gulf war enough to get reelected. [Had Rove
been on board, the war would have been dragged out longer. To Rove,
killing a few more American servicemen and Middle Easterners would be
worth the price. However, Rove and GHW have bad blood between them, so
Rove was out.] Anyway, the experiment of US fascism has reached it's
peak. It will take years to undo the damage of Reagan/Bush/Bush.