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To: elmatador who wrote (108912)	12/11/2014 1:17:19 AM
From: Elroy Jetson	1 Recommendation Recommended By tmsmg1 Respond to of 218553

Oil is not money. The Australian Dollar, like the Brazilian Real, was pushed-up in value by many of the same factors which pushed-up oil prices - and these factors are now unwinding and pushing them down. Oil priced in Australian Dollars has been relatively stable in price, neither up nor down. In fact, in recent weeks the price of oil has been rising in Australia as the value of their Dollar has declined faster than the price of oil has. So called Austrian economists look back to a world where changes in conditions in various economies could not be easily adjusted as everyone was shackled to a gold-standard or similar fixed pricing scheme. People have come to realize the severe limitations that imposes on solving economic problems. If you want a time honored standard, why not choose the English Pound and the "real" currency. It's "empire tested".