Now he is channeling Glen Beck... -----Original Message----- From: Sam [mailto:[email protected]] Sent: Tuesday, April 26, 2011 04:58 PM To: cf-community Subject: Re: Not So Much: Taxes Discourage Millionaires
I heard the main reason to get off the dollar is you need to transfer your funds to dollars to purchase oil. By the time your transfer happens you might have lost a few hundred million because it's dropping so fast . On Tue, Apr 26, 2011 at 5:47 PM, Casey Dougall <[email protected]> wrote: > > On Tue, Apr 26, 2011 at 5:45 PM, Gruss Gott <[email protected]> wrote: > >> >> Sam <[email protected]> wrote: >> > >> > The more dollars out there the less they are worth. >> > $2 buys a gallon of gas. >> > Now there are twice as many dollars so the same gas cost you $4 >> > >> >> Then how come all prices haven't doubled? >> >> > > Because everyone else in the world needs to purchase their oil in US > Dollars. > > Why the Dollar's Reign Is Near an End > http://online.wsj.com/article/SB10001424052748703313304576132170181013 > 248.html > > The single most astonishing fact about foreign exchange is not the > high volume of transactions, as incredible as that growth has been. > Nor is it the volatility of currency rates, as wild as the markets are these days. > > Instead, it's the extent to which the market remains dollar-centric. > > Consider this: When a South Korean wine wholesaler wants to import > Chilean cabernet, the Korean importer buys *U.S. dollars*, not pesos, > with which to pay the Chilean exporter. Indeed, the dollar is > virtually the exclusive vehicle for foreign-exchange transactions > between Chile and Korea, despite the fact that less than 20% of the > merchandise trade of both countries is with the U.S. > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:336887 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
