U.S. CitiesCity-Data Forum Index
Covid-19 Information Page
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 11-19-2007, 06:49 AM
 
Location: Sitting on a bar stool. Guinness in hand.
4,429 posts, read 5,904,236 times
Reputation: 1708

Advertisements

OPEC comment drives oil close to $95 - Yahoo! News (broken link)


Well OPEC making one heck of a power play here against the U.S. If they unpeg the dollar to oil in the end well.......let's say it's not too good for the U.S.

I guess it like the old saying goes: You reap, what you sow.
Rate this post positively Reply With Quote Quick reply to this message

 
Old 11-19-2007, 08:54 AM
 
13,758 posts, read 19,903,690 times
Reputation: 22988
Quote:
Originally Posted by baystater View Post
OPEC comment drives oil close to $95 - Yahoo! News (broken link)


Well OPEC making one heck of a power play here against the U.S. If they unpeg the dollar to oil in the end well.......let's say it's not too good for the U.S.

I guess it like the old saying goes: You reap, what you sow.

Not that big of a deal, OPEC sales prices are already corrected to dollar-euro conversions. OPEC ain't stupid. The correction is already in effect.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 11-19-2007, 09:32 AM
 
Location: Sitting on a bar stool. Guinness in hand.
4,429 posts, read 5,904,236 times
Reputation: 1708
Default the future.

Quote:
Originally Posted by Dd714 View Post
Not that big of a deal, OPEC sales prices are already corrected to dollar-euro conversions. OPEC ain't stupid. The correction is already in effect.
Fair enough. Let me ask you then. If OPEC decides to decouple the dollar from oil. What will be the dollar's future direction as currency? I bet is and from what I hearing is that the dollar goes off a cliff for a while if they do decouple. Granted like you said alot of those fears are priced into the market. But I fear for the future worth of the dollar. I got a long while before I retire and I would be nice if my money isn't worthless outside the U.S.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 11-19-2007, 12:02 PM
 
Location: Londonderry, NH
41,478 posts, read 53,835,426 times
Reputation: 24707
baystater - What make you think that the dollar will be worth anything inside the US. time to move assets overseas. Euro's look good. Krugerrands and Mapleleafs look better.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 11-19-2007, 12:26 PM
 
Location: Sitting on a bar stool. Guinness in hand.
4,429 posts, read 5,904,236 times
Reputation: 1708
Default Peso

Quote:
Originally Posted by GregW View Post
baystater - What make you think that the dollar will be worth anything inside the US. time to move assets overseas. Euro's look good. Krugerrands and Mapleleafs look better.
Got me on that one. Put this way I'm just hoping that the U.S. dollar doesn't hit parity with the Mexican peso buy the time I'm ready to retire. I don't get paid in U.S. Dollars not Krugerrands. Granted I should see if I can get paid in gold but I don't think my work will go for it. But hey why not ask.

Anyways. excellent investment advice for me and other X'ers and younger.

Thank Much.

Last edited by baystater; 11-19-2007 at 12:37 PM..
Rate this post positively Reply With Quote Quick reply to this message
 
Old 11-19-2007, 01:38 PM
 
2,432 posts, read 6,238,467 times
Reputation: 1051
This was just the first step. Pretty soon Saudi Araba, Japan and others will start dumping our treasury bills on the open market.
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6. The time now is 11:16 AM.

© 2005-2020, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top