Thread: Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab
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Old 07-07-2015, 04:44 PM   #4948
scho63 scho63 is online now
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Quote:
Originally Posted by BigChiefFan View Post
Some of you have ALOT to learn...Read it and weep...

By Marin Katusa, Casey Research
http://www.caseyresearch.com/articles/so-long-us-dollar
You are still wrong!

This article just states how oil began being traded in dollars as the base currency. The reason so many countries accept dollars as well as the own currency, sometimes only using the US dollar when their economies are in trouble, is the stability of the US dollar along with the full faith and credit of the US. It solely talks about the link between the two

No country has their currency backed by gold, oil, or any other hard assets anymore, including the US.

There is an effort from some of our enemies to try and delink the dollar and oil, specifically Russia and China.
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