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Topic review - How long will it be before countries start pricing commodities in currencies other than the weakened
Author Message
neil b
  Post subject:  How long will it be before countries start pricing commodities in currencies other than the weakened  Reply with quote
It shouldn't be too long.

A lot of the oil producing nations have already talked about abandoning the dollar in favor of a healthier, more stable currency.

The price of gold and other precious metals is through the roof right now because of the crappy dollar.

The rest of the world is waiting to see if a Democrat will be elected to fix America's economy or if a Republican will be elected and America will suffer from more of the same Pyramid scheme economics.
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Post Posted: Sat Oct 01, 2011 7:42 pm
scrooge
  Post subject:  How long will it be before countries start pricing commodities in currencies other than the weakened  Reply with quote
it is already starting.
Post Posted: Sat Oct 01, 2011 5:42 pm
s racing s
  Post subject:  How long will it be before countries start pricing commodities in currencies other than the weakened  Reply with quote
if you do not want the dollars give them to me
Post Posted: Sat Oct 01, 2011 3:42 pm
joe m
  Post subject:  How long will it be before countries start pricing commodities in currencies other than the weakened  Reply with quote
Bush's failed economy has driven the US Dollar into the toilet.

Beside the fact that Bush's war in Iraq has raised the price of oil by disrupting global supply, countries are doubly hit by having to purchase it with worthless US Dollars.

Other commodities like copper are also priced in worthless US Dollars which has placed a drag on those industries as well.

How long will it be before the rest of the world cuts Bush's failed credit line and starts to price commodities in other currencies to avoid being drug down by the Dollar?
Post Posted: Sat Oct 01, 2011 3:42 pm

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