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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: NOW who wrote (16686)	4/9/2003 6:04:52 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 89467

I have another very big bone to pick with Mauldin killing the THIRTY did buy more time for the TEN and REstate I must agree partially with that stake in the ground BUT ..... last week he slammed the notion that transition from Arab PetroDollar to PetroEuro was nonsense, impossible, a gnat on a horse's rump, or something similar bear in mind, I have great respeck for Mauldin but I disagree in a HUUUUUGGGGE way over this transition whereby Arabs will first convert oil money into EUROS, and then later price for purchase, sale, delivery in EUROS this PetroDollar issue is perhaps the principal primary most enormously important pillar in the USDollar world currency reserve foundation if Arabs shake it, and replace it with Euros, then in time, we will see the Euro supplant the Dollar as world reserve in a defacto manner then in time, as Wallenwein explains, the Euro will weaken from its own socialist weight AND GOLD PREVAILS Mauldin totally dismissed (even overlooks thru negligence) that this move has simply mindboggling implications the world would see Arab oil priced in Euros, then begin to price every other single commodity in Euros then Asian Central Banks continue their already current movement into more diversification favoring Euros and EuroBonds this is utterly huge huge huge, and Mauldin poopoos it and does so arrogantly I dont see how Mauldin can make FOREX volume arguments on the PetroDollar flow, and stand with that flimsy argument alone the implications are so large worldwide we would begin to see an international movement across the entire commercial landscape with abandonment of the USDollar world commerce requires standards to be used, to be stable, to be reliable, to be recognized as trustworthy but just as important, the world currency must be rising in trend the USDollar now fails that criterion the Euro passes that criterion (at least for now) the symbolic nature of the PetroEuro issue carries over into very far-reaching areas that transcend commodities and encroach into banking since so many minerals are supplied from Africa, for example, we could see their crude oil priced in Euros, their gold & silver & uranium & copper & platinum etc all priced in Euros we could see Canada revolt and price their oil & gas, their gold & silver & copper, their lumber in Euros what an incredible slap in the USA face that would be !!! sorry, but Mauldin is more wrong about the PetroEuro issue than he was with the USDollar remaining in its levitated state last late spring and early summer he liked the USDollar to stay in 112-116 range didnt happen, not even close I CONCLUDED SOMETHING LAST LATE SUMMER JOHN MAUDLIN DONT KNOW CURRENCIES, PERIOD !!! eventually, I see the process continuing further I see PetroGold coming and I think so does both Puplava and Sinclair it is only natural that Islamics, led by the boisterous Arabs, attempt to make a stand in the world of high finance that is, Arab crude oil priced, purchased, bought, delivered in gold as in Islamic Dinar maybe by 2008 Wallenwein discusses some of these topics I must finish reading the article "GOLD WILL WIN "EURO vs DOLLAR" WAR" by Alex Wallenwein gold-eagle.com / jim