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2009-10-13 Economy

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Posted by Fred 2009-10-13 00:00|| || Front Page|| [4 views ] Top

#1 If you want to buck up the buck, then stop buying so much imported oil with it. The dollar's weakness is merely the flip side of oil and other commodity price spikes. Drill domestically, build nuclear power plants, tax gas (and cut the payroll tax), subsidize solar: all of the above. Full court press.

Posted by lex 2009-10-13 02:05|| 2009-10-13 02:05|| Front Page Top

#2 lex, see my comment in the natural gas thread.

Otherwise, it's irrelevant what currency oil or any other goods trade in, as long as the currency is convertible.

What matters is currency flows and what currency reserves are held in.

Otherwise, with a declining USD, the US is selling treasures high and buying (redeeming) low. So who's the fool here?

Finally, the whole notion of reserve currencies is a bad thing because it allows trade inbalances to build up. Get rid of reserve currencies and the whole problem (of trade inbalances) self corrects.

Posted by phil_b 2009-10-13 05:18|| 2009-10-13 05:18|| Front Page Top

#3 Except energy is fundamental to the cost of production and transportation. Why do we ban vertical monopolies because it give one party an economic edge over others. By becoming energy independent and cutting the flow of capital out, it provides the country with an economic edge over those who are dependent upon imported energy and the vagaries of the energy market, as witnessed in the speculation boom last year around this time.

Posted by Procopius2k 2009-10-13 08:08|| 2009-10-13 08:08|| Front Page Top

#4 ION WMF > SHOCK: SECCESSIONIST CALLS FOR TEXAS INDEPENDENCE FROM WASHINGTON SPREADS TO OTHER US STATES: TEN US STATES AND RISING HAVE ACTIVE SECCESSIONIST ORGANIZATIONS [ e.g. Texas, vermont, North Carolina, Hawaii, Puerto Rico, etal.].

Greatest threat to the US Constitutional Republic + Federalism since 1865 [raed, end of the US Civil War].

Posted by JosephMendiola">JosephMendiola 2009-10-13 22:15|| na]">[na] 2009-10-13 22:15|| Front Page Top

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