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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Proud Deplorable who wrote (23256)	12/12/2004 10:30:59 AM
From: mishedlo	Read Replies (3) \| Respond to of 110194

Fair enough........so tell me...what happens if Americans stop using USD LOL? #1)When did Nigeria become a state of the US? I did not realize Nigerians were Americans. #2 It is meaningless what oil is priced in outside of yap island stones. If Nigeria wants to hold Euros all it has to do is sell US$ and buy Euros. The currency markets are more that sufficient to allow Nigeria to do that if it wants. They could price it in Euros and hold US$ if they wanted to. Again the currency markets could accomodate that. As long as the currency market could handle it and as long as that conversion is instantaneous, it is meaningless what it is priced in. Oil fluctuates in terms of Euros instead of in terms of US$, who cares? Why? It is nothing but a bunch of nonsense to think that it matters. Where they hold their reserves may matter, but that has nothing to do with what oil is priced in. They can hold their reserves in Euros right now if they want to. It is silly to think that it has to be priced in Euros to achieve that affect. Perhaps GATA should get their wish and have gold be priced in Euros. Wouldn't that be something. We would find out that the price of gold is a big yawn to much of the world. Right now anyway. Mish