It's the oil that sinks the dollar not the other way

Quote from daddyeaux:

alex, you have a long way to go.....

the dollar was falling when oil was $8 per barrel....
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You may be right, I have a long way to go tonight, I'm travelling...

However, you may have a long way to go understanding the graphs you choose to display in forums.

Do you think that a gold bar buys the same today as 200 years ago?

With a gold bar in 1900 probably you could buy 1000 acres in Florida. How many acres can you buy today?

I think what you displayed is totally irrelevant to the discussion in this thread, which is about the current fall of the dollar versus currencies of countries that do not have near the GDP or economic, political and military strength as the USA.
 
Quote from alexandermerwe:

You may be right, I have a long way to go tonight, I'm travelling...

However, you may have a long way to go understanding the graphs you choose to display in forums.

Do you think that a gold bar buys the same today as 200 years ago?

With a gold bar in 1900 probably you could buy 1000 acres in Florida. How many acres can you buy today?

I think what you displayed is totally irrelevant to the discussion in this thread, which is about the current fall of the dollar versus currencies of countries that do not have near the GDP or economic, political and military strength as the USA.
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man... what a drag...

u r wrong again and google oil vs dollar chart... u will find ur answer..
 
Quote from alexandermerwe:

Exactly! That is why the Arabs want to add euros in the basket. Remember the Arabs hold dollars mainly. I think it is of the best interest of US to push that agenda. And let the Europeans run for cover after that. But I think the issue is more political than financial.

Alex
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The price of oil has escalated far faster than the dollar slippage over the past 5 years .... far far faster.

You are being too simplistic in your thinking I fear.
 
Quote from fearless9:

The price of oil has escalated far faster than the dollar slippage over the past 5 years .... far far faster.

You are being too simplistic in your thinking I fear.
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I think you totally missed his point. His point was that rising oil is the cause of the devaluation of the dollar. He didn't say there should be 1 to 1 relation in price change between the two. It doesn't have to be 1 to 1.

X and Y are correlated does not mean dX/X = dY/Y.

John
 
Quote from alexandermerwe:

Stop singing and answer the question: Do you think that a gold bar buys the same stuff today as it did 200 years ago?
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in 1925 you could buy a decent suit for an oz. of gold, and you can get a decent suit today for dollars changed for an oz of gold...

so purchasing power is preserved on a nominal value basis
 
relax Alex, i didn't mean to flame ya....

I have a few here that pound on me occasionally, I take in stride......

there are some way more wide minded traders than me...

I'm a 5 lot piker.....
 
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