Re: Who is buying dollars, or is the US economyt coming to a grinding halt ?

On Mon, 13 Oct 2008 18:37:37 +1100, Rod Speed wrote:

Michael Coburn <mikcob@xxxxxxxxxxx> wrote:
On Sun, 12 Oct 2008 23:04:26 -0700, DanB (Previously DB) wrote:

Michael Coburn wrote:
On Sun, 12 Oct 2008 22:43:20 -0700, DanB (Previously DB) wrote:

Michael Coburn wrote:
On Sat, 11 Oct 2008 02:02:40 -0700, Rob Dekker wrote:

I'm new here, so forgive my ignorance. Why is the dollar getting
so strong ?
I can only say that in a worldwide panic (and that is what we have)
people seek safe harbor. The housing bubble came and went, the
oil/ commodity bubble the same. All the players are putting their
franks and euros and pesos and yen into dollars because they have
no safer harbor. The dollar stinks, but it stinks less. There will
be a much larger commodity bubble.
Wow, what a claim. Do you understand that when commodities become
less than limitless, they become 'money'?

You must think that faith in paper is never ending. Bye bye.....

Actually, I think that faith in guns is never ending.

Guns are about enforcing wealth inequity if all don't have them. But,
I have no idea your meaning. And, it has nothing to do with the
previous post. Are you a friend of rodnuts?

There was once a time that I believed in the notion that the United
States was a sovereign nation not in command of the rest of the world.
Those days have gone and I realize that the United States rules with an
iron hand by virtue of its military superiority. Any nation that will
not accept dollars for oil in the amounts the United States and the oil
companies that own it believe to be "reasonable" will simply cease to
be sovereign nations.

Odd about Iran.

Odd how they are the current "Satan" in the sights of the fascists.

This world is on the oil standard. Oil is the life's blood of the
economies of the world and many will die as the oil becomes more and
more scarce.

Bet that doesnt happen. Even Brazil managed to work out how to use other
than oil.

Yes. Thank you for supporting my recognition of the oil problem. The
reason the Brazilian rain forests are disappearing is the scarcity of
oil. If the scarcity of oil was not producing a much higher price for
liquid fuels then the rain forests would not be disappearing.

So long as dollars are the reserve currency, and so long as oil is
traded in dollars then dollars will be the place where wealth will be
held. If there is a deflation as there is currently then the wealth
holders will seek to denominate their wealth in dollars.

Thanks for that completely superfluous proof that you have never ever
had a fucking clue about anything at all, ever.

And denial is a river in Africa.
.

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