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To: SliderOnTheBlack who wrote (24706)	6/24/1998 11:14:00 PM
From: Chuzzlewit	Respond to of 95453

Slider, sorry, but there is no connection thatI can see. I suppose PK's implication is that the Euro will replace the dollar as the currency of choice. I find that doubtful given the relative sizes of the economies. Even if it happened so what. TTFN, CTC

To: SliderOnTheBlack who wrote (24706)	6/25/1998 2:31:00 PM
From: Broken_Clock	Respond to of 95453

Slider...crude has skyrocketed in price while slipping in $ value to the SE Asian economies. Oil is paid for in US$. Because the currency devaluations have outpaced the drop in crude, they still find themselves "over a barrel"<g>. Should the US$ shift to 2nd place status with OPEC and the Euro become the dominant currency then the US$ will slide against the Euro and oil per barrel price will rise in the US just as it has in Asia today. here is an interesting link.http://www.kitcomm.com/comments/gold/1998q2/1998_06/980624.075220.sdrer__ae.htm...curtesy of Phily on the POD thread.