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  • Ian
    The Dollar's Doom
    03/22/2006 1:42AM
    Some say the days of the US successfully propping up its currency with its economic and military practices will soon come to an end. That's not going to go over well with the US economy. Here are a couple references... Think the dollar is backed by gold and poised to stand the test of time? Read Congressman Paul's speech in Congress on Feb. 16, 2006 (attached) or this column by J. Taylor at HoweStreet.com. (Hey, a Doom 'n Gloom article posted by someone other than Yermo!)
    Attachment: The_End_of_Dollar_Hegemony.pdf 99087 bytes
  • Comment By:
    03/22/2006 11:48AM
    Here is a link to it online:<br /><br /><a href="http://www.house.gov/paul/congrec/congrec2006/cr021506.htm">http://www.house.gov/paul/congrec/congrec2006/cr021506.htm</a><br /><br />Seems to go a long way to explaining how pricing oil in dollars and the value of the dollar are related. I don't know if he's correct, but it's a well articulated argument.<br /><br />
  • Comment By:
    03/22/2006 6:41PM
    I did a quick google on this topic, and the Iranian oil bourse and found this alternative view of the oil/dollar relationship:<br /><br />http://www.freemarketnews.com/Analysis/199/4214/2006-03-21.asp?wid=199&amp;nid=4214nship:<br /><br />--Duncan<br /><br />
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