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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (248948)11/19/2007 9:07:27 PM
From: bentway  Read Replies (1) | Respond to of 281500
 
"What golden egg did the dollar lay for OPEC?"

Not the dollar, but we printers of dollars buy a lot of oil.



To: Sun Tzu who wrote (248948)11/19/2007 9:15:14 PM
From: bentway  Read Replies (2) | Respond to of 281500
 
"But since Russia, Iran, and few others are no longer selling oil in USD denominations, the house of cards is going to fall...and likely sooner rather than later."

My bets count on this, but I'm thinking that they want the dollar to decline in an orderly fashion over several years. Thus, their fear of the dollars "collapse" based on their statements. They don't want the dollar to collapse while they own so many of them.


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