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L-Pink

11-19-2007 01:08 AM

Quote:

Originally Posted by D (Post 13390652)

Please cite your source.

I think he meant Iran, not OPEC.

Phil	11-19-2007 01:12 AM

Quote:

Originally Posted by Snake Doctor (Post 13390565)

I would totally hit that :thumbsup

ICQ here: 16075497
she's all yours

pocketkangaroo

11-19-2007 02:40 AM

I am amazed at how many people don't have a basic understanding of economics.

pocketkangaroo

11-19-2007 02:51 AM

Quote:

Originally Posted by minusonebit (Post 13390546)

Another piece of real money. Hey, their money was even prettier. It was fiat too, but at least it stood for something. If I am gonna have worthless money in my pocket, I'd rather have something that at least stands for something.

http://i3.tinypic.com/717colv.jpg

Money is money, it doesn't "stand" for anything.

But if you must convince yourself that Confederate currency "stood" for something, note that much of their currency had images of slaves picking and loading cotton.

GreyWolf

11-19-2007 03:07 AM

Quote:

President of OPEC calls USD "useless piece of paper"

No he didn't :1orglaugh

The main mutterings from the President of OPEC have been to ask western industrialized countries and others with increasing energy needs to cut their requirement for oil and find alternative energy sources. Mohamed Al Hamli never offered his opinion as to whether the US dollar is a "useless piece of paper".

Spudstr

11-19-2007 06:48 AM

Quote:

Originally Posted by crockett (Post 13390211)

You guys are crazy if you think it should be moved to Euro's or Canadian dollars. :1orglaugh

You do realise oil is much cheaper right now because it's sold in US dollars. Sell it in Euros and it's going to be even worse. You guys just dunno how good you have it with the price of oil due to the weak US dollar.

Yes worse for us and everyone but great for OPEc.. which is all OPEC really cares about.

Linkster

11-19-2007 07:02 AM

All of this speculating is useless - why not post actual facts - like one OPEC nation has already swapped over to only selling oil in Euros instead of dollars - Qatar - and the reason Iran is in the spotlight from the US point of view (although everyone beats their chest about nuke this and that) is that they have already started swapping their sales over to Euros to avoid the UN sanctions - and being that they are one of the largest producers - the US is extremely worried if they were to completely change over - so the administration is scaring the US public into thinking that there is some issue with nuclear to ensure that the UN sanctions get toughened

If you dont know the real story - dont make yourself look like an idiot

jalami

11-19-2007 08:05 AM

Back when a US dollar was 1/35 troy oz of gold, backed by physical reserves, it was more than a useless piece of paper.

Of course a metal like gold only has the value we assign to it too. But you can't just print more gold.

czarina

11-19-2007 08:18 AM

here we go again... we should see the price of the dollar plummet again today, darn it!

Phoenix

11-19-2007 08:22 AM

Quote:

Originally Posted by The Other Steve (Post 13390214)

A currency trader suggested to me that if OPEC was ever going to change from the US dollar we should look to see which currency was appreciating against all the others - and that's the one that OPEC would pick.

I could be mistaken but I don't think that, while all the currencies are appreciating against the USD none of them are appreciating against any other currency.

please keep logic to a minimum

rather try yelling insults or threatening someone...thanks

Enemator

11-19-2007 08:48 AM

Quote:

Originally Posted by Meta man (Post 13390191)

Goddamn camel jockeys:321GFY

Are you saying THEY fucked up your country? :1orglaugh

scottybuzz

11-19-2007 09:23 AM

dollar ^

tehHinjew

11-19-2007 03:43 PM

this is madness

farkedup

11-19-2007 03:44 PM

the USD has been nothing but a piece of paper for a LONG time now since its no longer backed by gold....

pocketkangaroo

11-19-2007 03:45 PM

Quote:

Originally Posted by farkedup (Post 13393446)

the USD has been nothing but a piece of paper for a LONG time now since its no longer backed by gold....

No currency in the world is. :2 cents:

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