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

To: mishedlo who wrote (69824)	10/2/2007 9:05:30 AM
From: RealMuLan	Read Replies (1) \| Respond to of 116555

Well, it may not change everything, but it sure will change a lot of things. Since oil is just a start, miners, gold, silver... will follow... then most of US$ will come back home. You know the result.

To: mishedlo who wrote (69824)	10/2/2007 9:16:03 AM
From: sea_biscuit	Read Replies (1) \| Respond to of 116555

That is because you have locked yourselves into that box! I once gave the example of India where, the reserves that India keeps, do not have to be in dollars (at least not that many dollars) if oil is priced in euros. And the fewer dollars India or other countries keep in their reserves, the fewer dollars are there to invest in US treasuries. So oil not being priced in USD is a big thing.