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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: skinowski who wrote (66634)	7/14/2007 1:23:53 PM
From: Square_Dealings	Respond to of 116555

That is true assuming all currencies have an unlimited supply, then there is no difference. If the demand for commodities like oil and metals are exceeding demand, and they are purchased with currencies with unlimited supply then.. the price of commodities are going to the moon. s

To: skinowski who wrote (66634)	7/14/2007 10:16:01 PM
From: mishedlo	Read Replies (1) \| Respond to of 116555

skin you are absolutely correct. Mish

To: skinowski who wrote (66634)	7/15/2007 12:12:17 AM
From: Webster Groves	Read Replies (1) \| Respond to 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.