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In memory of Karl Davis, founder of this board, who made his final journey 12th June 2007

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Topic Review
victor

[*] posted on 6-10-2009 at 22:13
Its the standard when I buy it.
marymary100

[*] posted on 6-10-2009 at 21:51
The pound isn't the standard for international trade in oil.
victor

[*] posted on 6-10-2009 at 21:44
You could say the same for the pound.
scholar

[*] posted on 6-10-2009 at 17:51
I have been worried about this. The Federal Reserve has been increasing the money supply at a reckless rate, and done so in a sustained manner. Doing this at the same time as the actual goods and services produced in the U.S. is going down guarantees inflation.

Oil dollars, or American dollars held by the Chinese--if either one are dumped, the harm to the U.S. financial structure will be catastrophic.
Mary2

[*] posted on 6-10-2009 at 15:50
Or are reports of its demise premature?