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Originally posted by THENEO
kid,
you made the comment that oil is what entirely determines the value of the US dollar and I say it does not,
I never said that. Do the research and then we'll talk. No offense, but it's obvious you don't understand this issue. Fair warning, it's complex.
Originally posted by THENEO
drunk,
personally and for a number of reasons I think that England should not adopt the euro.
maybe you should start a thread on this subject because it will elicit a lot of interesting discussion I am sure.
I forsee a massive global war as the only way to get out of this pit.
Originally posted by EastCoastKid
Do some research theneo.
Originally posted by Leveller
That's your opinion.
I see DR making comments that aren't based in fact.
To say that Blair is going into the Europe is very misleading. There is NO way that the UK will accept the Euro for at least a decade. Even then, public opinion has to swing massively for that to be an option.
As for his analysis of the dollar?
Yes, it's suffering at the moment but when you're paying for a multi-billion dollar war, what do you expect?
It makes no difference though. The fact is that the European economies (with the exception of the UK) are facing recession. They are shrinking. The US economy is still growing.
If Russia joins the union this will place more strain on it's weak system that will take decades to recover - just as Germany suffered when it reunified. Weak economies do not generate a strong currency.
There is nothing in the forseeable future that will change the OPEC ministers' minds and make them go for the Euro over the dollar. They would be taking a MASSIVE risk on an unproven currency which is backed by economies with recessional backgrounds. Now, you can think anything you like about the OPEC nations, but the one thing they are not, is idiots. They will have taken all of the above factors into account AND Iraqi oil and have come to the same conclusion that I have just stated.
If there was even one sniff of a conspiracy regarding the Euro, Blair would have sold it to the UK years ago.