SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 414.48+0.7%Jan 9 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: energyplay who wrote (5359)4/6/2006 6:32:44 AM
From: Seeker of Truth  Read Replies (1) of 219207
 
Hi energyplay,
It's hard, for me anyway, to accept Mr. Liu's argument that because debts or oil or whatever are denominated in US dollars that means one has to keep a store of USD around. To take a real situation, a friend of a good friend is buying pieces of real estate in Asia for me and others and he wants the contributed capital from time to time to be sent as USD. No problem for me. I keep zero USD around, that's ZERO. When it's time to make a payment I go to the bank, buy USD with my Canadian dollars and wire them on their way. In an hour or so it's his problem. I suppose he changes the USD to yen and/or HK dollars. He probably does that within hours. So nobody clings very long to USD. I can't understand why the USD THEREBY gains much importance. If
oil were denominated in Norwegian Krona and the oil sellers swif tly changed to Euros and/or renminbi and/or Mexican pesos whatever mix fit their needs, why would that make the NOK suddenly much more valuable than before? So I think this hegemony theory makes no sense. Even people that want to buy jet planes or weapons from the US don't need to cling to the
USD for more than a few minutes a payment.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News