The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: dybdahl who wrote (1148)	9/26/2007 6:27:24 PM
From: stockycd	Read Replies (1) of 71454

I honestly think the way of the dollar will paved by pricing in the commodity markets. The raw materials are all priced and bought in dollars or some peg-ratio thereof. If oil starts to be globally priced in EUROS and the oil producing countries don't accept dollars for oil, we will have a big problem. Even though we don't have the gold or silver standard, we are on the defacto oil standard. What would be wrong with the Chinese saying...We are no longer pegged to the dollar we will be pegged to the EURO. There would be nothing we could do and guess what would happen to the demand for dollars? cd

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