Talk of The Villages Florida - View Single Post - Are you prepared for $200+++per barrel possible oil pricing??
Thread: Are you prepared for $200+++per barrel possible oil pricing??
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Old 11-12-2011, 07:18 PM
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Default You make a good point
Quote:
Originally Posted by Figmo Bohica View Post
It does not matter what the price of oil is as long as the US Dollar is the world reserve currency. All the FED has to do is crank up the presses and print more worthless paper. Things will only change when the US Dollar is no longer the reserve currency. Things will really change when we have to buy some other currency to pay for the oil that we import.

Then it will be time for the blame game, just after the riots for food and shelter are done.
I emailed that concern to the chairman of the Economics dept. where I went to college. He said that none of the competitor currencies are stable enough to be a threat.

Not a threat yet that is.

I see that you are retired military and value your opinion. Do you think that if trends persist that the Chinese will push us out of the Western Pacific?