Comments on: The American Peso http://davecole.org/blog/2007/12/16/the-american-peso/ Thoughts, notes and comments Thu, 08 Jan 2009 19:00:42 +0000 http://wordpress.org/?v=2.7 hourly 1 By: dave http://davecole.org/blog/2007/12/16/the-american-peso/comment-page-1/#comment-525 dave Mon, 17 Dec 2007 21:20:56 +0000 http://davecole.org/blog/2007/12/16/the-american-peso/#comment-525 Yes, that's probably true. What would be interesting would be if people started trading oil in euros rather than dollars; that could cause a whole load of upsets. IMHO, a lot of the problem comes from the US' own overseas economic policies or, rather, its 'our way or the highway' attitude, that has led to China and now South America (through the Banco del Sur/Banco del Sul) means that large amounts of currency, denominated in dollars, is outside any effective US control. Yes, that’s probably true. What would be interesting would be if people started trading oil in euros rather than dollars; that could cause a whole load of upsets.

IMHO, a lot of the problem comes from the US’ own overseas economic policies or, rather, its ‘our way or the highway’ attitude, that has led to China and now South America (through the Banco del Sur/Banco del Sul) means that large amounts of currency, denominated in dollars, is outside any effective US control.

]]> By: jameshigham http://davecole.org/blog/2007/12/16/the-american-peso/comment-page-1/#comment-524 jameshigham Mon, 17 Dec 2007 12:58:51 +0000 http://davecole.org/blog/2007/12/16/the-american-peso/#comment-524 Where the dollar has failed is as a store of value. The Russians are usually a pretty good barometer and U.S. dollars ar not the hard currency any more. It's Euros and people are backing the Rouble more so than earlier. Where the dollar has failed is as a store of value.

The Russians are usually a pretty good barometer and U.S. dollars ar not the hard currency any more. It’s Euros and people are backing the Rouble more so than earlier.

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