[FoRK] oil producers shun dollar

Strata R. Chalup < strata at virtual.net > on > Wed Dec 13 08:51:58 PST 2006

Sounds like it's time to start burning down forests to make sure that the value 
of the leaf doesn't plummet overnight.

J. Andrew Rogers wrote:

> 
> On Dec 12, 2006, at 3:53 PM, Ian Andrew Bell wrote:
> 
>> That giant sucking sound is the decline of relevance of the U.S.  and 
>> the air deflating its sustained-growth economy, taking much of  the 
>> rest of the world with it.
> 
> 
> 
> As far as the rest of the world goes, boo-friggin'-hoo.  If many of  
> them weren't so busy driving their own economies into the ground  
> (*cough*Europe*cough*), they could shrug off a mere 5% of the world's  
> population underperforming economically.  The US managed to survive  an 
> underperforming European economy just fine.
> 
> The vast majority of countries that may or may not be taken with the  US 
> will be sleeping in a bed of their own making.  What is actually  coming 
> to head is that a lot of countries (the US included) have been  burying 
> really stupid economic policy under the noise floor of a  robust US 
> economy for decades and if the US economy slows  significantly the may 
> have to do something smart with genuinely sound  economic fundamentals 
> for a change because there will no longer be a  place in the economy to 
> bury their stupidity.
> 
> Cheers,
> 
> J. Andrew Rogers
> 
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Strata R Chalup [KF6NBZ]                         strata "@" virtual.net
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