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 : Mish's Global Economic Trend Analysis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: skinowski who wrote (66634)7/15/2007 12:12:17 AM
From: Webster Groves  Read Replies (1) of 116555
 
If you were Iranian, would you want your assets in dollars or yen ? Why must dollars intervene in the transaction ? Of course one can trade currencies electronically, but why incur commissions of middlemen ? Iran probably doesn't want to pressure the dollar up front, but it does want to divest itself of a fiat currency (dollars) for which it has no use. I myself am doing the same and putting more funds into foreign stocks and hard commodities. Apparently we differ on this issue and you believe all oil transactions should be done in dollars. This of course creates a need for dollars if only for a few microseconds. As more worldwide trade is done without the dollar intervening, the dollar will adjust faster to its true value.

wg

PS - I personally have nothing against the dollar and would like to have more of them.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News