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Our friend Mr. Chavez has decided to stop accepting payment of oil exports in dollars. Instead the customers have to pay in Euro now...

He tried to convince OPEC of doing the same but for now they did not accept the idea as a general policy...

/track_snake
Well, that's understandable. Oil is of great value, and the American Dollar based on it's frail economy is of none.
Didn't China threaten to do the same? This is all about pushing the Amero.
scpg02 Wrote:Didn't China threaten to do the same? This is all about pushing the Amero.

Again, where do you come up with this?
John L Wrote:
scpg02 Wrote:Didn't China threaten to do the same? This is all about pushing the Amero.

Again, where do you come up with this?

Don't tell me you are not keeping up with the NAU stuff?
scpg02 Wrote:
John L Wrote:
scpg02 Wrote:Didn't China threaten to do the same? This is all about pushing the Amero.

Again, where do you come up with this?

Don't tell me you are not keeping up with the NAU stuff?

No, because it is conspiracy theory stuff, like the Twin Towers falling by controlled explosions.
London stock trader urges move to 'amero'
Says many unaware of plan to replace dollar with N. American currency

The Case for the Amero:
The Economics and Politics of a North American Monetary Union

Analysts: Dollar collapse would result in 'amero'
Think deep recession likely regardless of Fed's actions
  • How severe will the coming dollar collapse be?

    "People in the U.S. are going to be hit hard," Chapman warned. "In the severe recession we are entering now, Bush will argue that we have to form a North American Union to compete with the Euro."

    "Creating the amero," Chapman explained, "will be presented to the American public as the administration's solution for dollar recovery. In the process of creating the amero, the Bush administration just abandons the dollar."
John L Wrote:No, because it is conspiracy theory stuff, like the Twin Towers falling by controlled explosions.

No, it's not. Sorry dear.
Sigh, let me state this again. The NAU CANNOT ever take place without an act of congress, in which the Senate must ratify a treaty of this. The amount of hell being raised by this would be such that even you could hear it all the way to Kalifornia,...................without electronic amplification. It Ain't gonna' happen any time in the future.

Further, the Dollar can be turned around by sound fiscal AND monetary policy. The Dollar is not on the verge of collapse, Period! Look, Ihave enjoyed reading many articles on Joseph Farrah's site for years, but of late, have not bothered, because he has tilted into Kook territory. I'm serious!

Hey, look Maggie, you're a Libertarian right? If you have been paying attention to the mainstream elements of the LP(the L H Rockwell crowd)are all for free movement between countries, totally free enterprise, and the doing away with central States that would restrict them. Most of them are Austrians, and even FEE is for it. If any grouping gets this across it will be the Libertarians who do it.

Think about that one. Wink1
John L Wrote:you're a Libertarian right?

Uh, no. I don't belong to the Libertarian party.
scpg02 Wrote:
John L Wrote:you're a Libertarian right?

Uh, no. I don't belong to the Libertarian party.

I didn't say that. I was asking if you were a Libertarian, not a member of the LP. There is a difference. Most libertarians are either S&Gs or independents, such as myself.
John L Wrote:
scpg02 Wrote:
John L Wrote:you're a Libertarian right?

Uh, no. I don't belong to the Libertarian party.

I didn't say that. I was asking if you were a Libertarian, not a member of the LP. There is a difference. Most libertarians are either S&Gs or independents, such as myself.

There is a difference between Libertarians and libertarians. I am libertarian or clissical liberal in beliefs.
John,

The back thing is,all these weak dollar and bank crisis things are under 8 years of Bush rule. I know he's a democrat on spending,but monetary policy has been the same now for 25 years .
Palladin Wrote:John,

The back thing is,all these weak dollar and bank crisis things are under 8 years of Bush rule. I know he's a democrat on spending,but monetary policy has been the same now for 25 years .
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Monetary policies will hardly help. My explanation is that much of the dollar weakness is due to the fact that oil prices were allowed to rise so much as they did in dollars, and that the outcome of that was a weaker dollar. What will happen if the oil is paid in Euros is probably that the Euro will weaken...

/track_snake
Palladin Wrote:John,

The back thing is,all these weak dollar and bank crisis things are under 8 years of Bush rule. I know he's a democrat on spending,but monetary policy has been the same now for 25 years .

Sigh,.........what am I going to have to do here? First Maggie states that both parties are all the same. Now you are saying that the same policy has been in effect for 25 years. This is like a broken record. Patrick, your statement is patently false.

In the late 90s we went through the worst case of "Deflation" this country has ever had. Got that: Monetary policy by our trusty Greenspan. He is the very one McThing said he would prop up in a corner if he died. Back then the dollar was entirely TOO strong, all due to a lack of Liquidity.

Geeze! Bill and I have discussed this, in great detail, for years now here at Jane. Monetary policy has NOT been the same.

The point is that playing loose and fast with the money supply is not a good thing. However, there is more at work here. The 'so called' WOT has made the world markets skittish about investments of things 'finished'. Rather, the world of Commodities has been in the investment lead. And commodities include gold AND oil, among others. When there is a threat to the peace and stability of the world, people want to put their monies into things that are tangible, such as commodities.

Further, the lack of stability in certain oil porducing nations, such as Nigeria and Venezuela, have artificially raised the price of oil, which further devalues the rate of the Dollar.

I don't have time to go into this in detail. Perhaps Bill will pick up on this. But one thing is certain. We have not been following the same monetary policy for the last 25 years.
John L Wrote:First Maggie states that both parties are all the same.

That's not what I said. I was talking about the candidates not the parties. They are all puppets and I don't care what comes out of their mouths, the policies you will get come from the puppet masters and will be all the same, furthering the same goals.