Hi Madharry -
On March 3, 2008 you staed in your post:
( Message 24452539 )
"...Sadly, we are caught in that stage of empire deterioration where the govt is forced to DEBASE the currency, savvy investors are fleeing with their capital, and our politicians are taking up the fiddle. How long before we see prices being changed on a weekly basis to reflect the continued decline of the dollar? Perhaps we should have a pool to determine how many months before we see $4 gas....".
Well here it is at least in Northern California:
Gas for $4 a gallon?
Posted: 02/14/2011 05:45:32 AM PST
insidebayarea.com
From the article:"...Gasoline prices will breach $4 a gallon in San Jose at some point in April or May, predicted Patrick DeHaan, senior petroleum analyst at gasbuddy.com. "Diesel prices in California should easily breach $4 a gallon in the next two months....".
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More food for thought. The IMF came out with this article on Thursday February 17, 2011.
IMF calls for dollar alternative
money.cnn.com
From the article:"...The International Monetary Fund issued a report Thursday on a possible replacement for the dollar as the world's reserve currency...."
"...In addition to serving as a reserve currency, the IMF also proposed creating SDR-denominated bonds, which could reduce central banks' dependence on U.S. Treasuries. The Fund also suggested that certain assets, such as oil and gold, which are traded in U.S. dollars, could be priced using SDRs.
Oil prices usually go up when the dollar depreciates. Supporters say using SDRs to price oil on the global market could help prevent spikes in energy prices that often occur when the dollar weakens significantly...."
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Another reason IMO to buy companies that own in-the-ground oil reserves or own a lot of oil related assets.
EKS |
