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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (73909)	10/21/2009 12:40:19 PM
From: JakeStraw	1 Recommendation Read Replies (2) \| Respond to of 224749

With the Obama administration’s run-away spending financed by the Federal Reserve’s newly printed money and with the massive deficits already underway that are largely funded by China, the dollar’s days as the global de facto reserve currency are numbered.

To: Kenneth E. Phillipps who wrote (73909)	10/21/2009 1:28:53 PM
From: tonto	1 Recommendation Read Replies (1) \| Respond to of 224749

You were against the weak dollar. It makes oil more expensive...remember? Oil hits $81 again as dollar hits new low By MARK WILLIAMS (AP) – 35 minutes ago Oil prices hit new highs for the year Wednesday just as the dollar fell to new lows against the euro, showing how much the weak U.S. currency has come to dominate energy markets. Benchmark crude for December delivery jumped close to 3 percent, or $2.08 to $81.20 a barrel on the New York Mercantile Exchange. It got as high as $80.70. Futures of gasoline, heating oil and natural gas all rose 2 percent to 3 percent. The run-up in prices came within minutes of a government report showing that crude supplies in the United States are growing and that refiners are producing very little gasoline because consumers aren't using as much. "The dollar obviously is the overriding factor," PFGBest analyst Phil Flynn said. "It's not about demand I can tell you that." The weak dollar is helping the economy.