bob.dino 1 #26 May 31, 2006 QuoteThe Euro is a shite currency. It has lost loads of value and most of the people with it dont want it. Really? Last time I was back home, everyone was stoked with it. In fact, the only people I know that regularly badmouth the EUR are English folk obsessed with keeping the GBP. Quote Share this post Link to post Share on other sites
nacmacfeegle 0 #27 May 31, 2006 Really, really, really, bad idea. Trading oil in any other currency than dollars might have a destabilising effect on the US dollar value as described here by others. The world needs the US economy to be stable, and thats just a fact of life. How's things J? I've not been around, been away digging up black stuff.....-------------------- He who receives an idea from me, receives instruction himself without lessening mine; as he who lights his taper at mine, receives light without darkening me. Thomas Jefferson Quote Share this post Link to post Share on other sites
Skyrad 0 #28 June 1, 2006 Cool mate, black stuff eh? "Whats all our oil doing under their sand anyway?" You were right during the cold war, we did need a strong American dollar. But why now? America is in a trade deficit to the tune of half a trillion dollars. The only people who need a strong dollar now are the Americans. Now the former USSR has gone and we're seeing a strong growth pax Eurasia there really isn't the need for a strong us dollar for the rest of the world now. Americas influence is waning and its only a matter of time (and not alot of time) before China overtakes America as the world superpower. I'd say that the US dollar is also living on borrowed time, all it would take is for a panic in the markets for the dollar to drop like a dying bird. Sorry for America but I belive its inevitable now. So, whos for Euros? I'll swap you one for two of your dollarsWhen an author is too meticulous about his style, you may presume that his mind is frivolous and his content flimsy. Lucius Annaeus Seneca Quote Share this post Link to post Share on other sites
skydyvr 0 #29 June 1, 2006 QuoteCool mate, black stuff eh? "Whats all our oil doing under their sand anyway?" Well truthfully, if it weren't for the influence of the west, all that oil would just be sitting there doing nothing anyway. The Arab world wouldn't have even invented the steam engine on their own by now, much less anything that runs on oil (possible exeption: oil lamp). . . =(_8^(1) Quote Share this post Link to post Share on other sites
billvon 3,132 #30 June 1, 2006 >The Arab world wouldn't have even invented the steam engine on their own by now . . . By that reasoning, we would have no clocks today without Arabs; the pendulum was invented by an Arab. Quote Share this post Link to post Share on other sites
kallend 2,182 #31 June 1, 2006 Quote>The Arab world wouldn't have even invented the steam engine on their own by now . . . By that reasoning, we would have no clocks today without Arabs; the pendulum was invented by an Arab. So was algebra.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
wmw999 2,602 #32 June 1, 2006 QuoteSo was algebra.According to some people, that alone makes them evil . That said, what we use and do does not define progress and good. It's not all about perspective, but realizing that perspective matters is still important. Wendy W.There is nothing more dangerous than breaking a basic safety rule and getting away with it. It removes fear of the consequences and builds false confidence. (tbrown) Quote Share this post Link to post Share on other sites
shropshire 0 #33 June 1, 2006 Yeah, they did that but what else did the Arabs ever do for us.. Maths & astonomy too .... Oh and language... And egg timers... boy where ever would we be without their sand Why are people so intent at knocking others.... or is that a cyclic agument . (.)Y(.) Chivalry is not dead; it only sleeps for want of work to do. - Jerome K Jerome Quote Share this post Link to post Share on other sites
skydyvr 0 #34 June 1, 2006 Quote>The Arab world wouldn't have even invented the steam engine on their own by now . . . By that reasoning, we would have no clocks today without Arabs; the pendulum was invented by an Arab. 600 years ago, the Arab world was on top while Europe languished, so? Now the roles are reversed, and there doesn't seem like much chance of them ever reversing again. . . =(_8^(1) Quote Share this post Link to post Share on other sites
skydyvr 0 #35 June 1, 2006 QuoteYeah, they did that but what else did the Arabs ever do for us.. In the last five centuries, Arabs have fine tuned the art of subjugating women, but have accomplished little in the form of technological innovation. Then there's the bizarre state and power level of their religion, which is in turn (I believe) the main cause of their slowed technological growth . On the other side of the coin, the West has become more advanced because it has become more secular. Sadly, the more a society is dominated by religion (maybe excluding indigenous religions), the more retarded it's culture seems to get. . . =(_8^(1) Quote Share this post Link to post Share on other sites
shropshire 0 #36 June 1, 2006 Yeah... but apart from that... (.)Y(.) Chivalry is not dead; it only sleeps for want of work to do. - Jerome K Jerome Quote Share this post Link to post Share on other sites
billvon 3,132 #37 June 1, 2006 >600 years ago, the Arab world was on top while Europe languished, so? >Now the roles are reversed, and there doesn't seem like much >chance of them ever reversing again. Betting that history does not repeat itself is generally a pretty bad bet - especially if one is determined to not learn from it. Quote Share this post Link to post Share on other sites
skydyvr 0 #38 June 1, 2006 QuoteBetting that history does not repeat itself is generally a pretty bad bet. Self or some other type of extermination will be the only thing to end that cycle. . . =(_8^(1) Quote Share this post Link to post Share on other sites
Casurf1978 0 #39 June 2, 2006 QuoteIran still seem pretty keen in changing to the euro. Yes, it's a smart strategy for them. If they cant take us on militarily then go for the jugular, our currency. Japan imports 80% of it's oil from the mid east, and they hold a shit load of dollars too. Imagine them dumping of few of those dollars, or on a bigger scale imagine China doing that. Quote Share this post Link to post Share on other sites
Skyrad 0 #40 June 2, 2006 Maybe tey wouldn't have needed to seeing as they invented te battery about a thousand years ago in Babylon, way before te europeans came up with the idea. Who knows maybe we'd be in a greener world?When an author is too meticulous about his style, you may presume that his mind is frivolous and his content flimsy. Lucius Annaeus Seneca Quote Share this post Link to post Share on other sites
Skyrad 0 #41 June 2, 2006 QuoteQuoteYeah, they did that but what else did the Arabs ever do for us.. In the last five centuries, Arabs have fine tuned the art of subjugating women, but have accomplished little in the form of technological innovation. Then exported it to trailer parks all over the statesWhen an author is too meticulous about his style, you may presume that his mind is frivolous and his content flimsy. Lucius Annaeus Seneca Quote Share this post Link to post Share on other sites
wmw999 2,602 #42 June 2, 2006 QuoteThen exported it to trailer parks all over the statesThank you thank you thank you Wendy W.There is nothing more dangerous than breaking a basic safety rule and getting away with it. It removes fear of the consequences and builds false confidence. (tbrown) Quote Share this post Link to post Share on other sites
rhys 0 #43 June 2, 2006 QuoteTrading oil in any other currency than dollars might have a destabilising effect on the US dollar value as described here by others. The world needs the US economy to be stable, and thats just a fact of life. correction the U.S. needs the U.S. economy to be stable."When the power of love overcomes the love of power, then the world will see peace." - 'Jimi' Hendrix Quote Share this post Link to post Share on other sites
nacmacfeegle 0 #44 June 2, 2006 Och I don't do the under the sand thing, I'm more intereted in the stuff under the water or under the ice. The US economy is the largest in the world, if its unstable its not good for all the other wee economies. Edit..Yep Rhys, I can see that might be an added side benefit.-------------------- He who receives an idea from me, receives instruction himself without lessening mine; as he who lights his taper at mine, receives light without darkening me. Thomas Jefferson Quote Share this post Link to post Share on other sites
johnski 0 #45 June 2, 2006 Not till the euro fall into the same hole the $us is in. We pay to much asit is for oil and our $ is .75 to the $us and only .60 to the euro. Why not trade in the $Aussie?? Quote Share this post Link to post Share on other sites
Skyrad 0 #46 June 5, 2006 So thats that then, overwhealming majority in favour I say motion passed lets do it!When an author is too meticulous about his style, you may presume that his mind is frivolous and his content flimsy. Lucius Annaeus Seneca Quote Share this post Link to post Share on other sites
bob.dino 1 #47 June 6, 2006 QuoteThe world needs the US economy to be stable, and thats just a fact of life. True, but that doesn't preclude a gradual opening-up of the oil markets to trading in other currencies. If everyone started accepting EUR tomorrow, then it could cause a systemic shock in the FX market. However, if one or two countries started accepting EUR for 10% of their production, gradually expanding with time, it wouldn't be a huge deal. Quote Share this post Link to post Share on other sites
bob.dino 1 #48 June 6, 2006 QuoteWhy not trade in the $Aussie?? Haha. Quote Share this post Link to post Share on other sites
