http://www.myylt.com/2008/05/01/what-would-it-mean-to-the-us-economy-if-the-world-stopped-using-dollars-as-the-international-currency/ Discussion of Forex Trading and Currency Trading Sat, 19 May 2012 12:00:24 +0000 http://wordpress.org/?v=2.3.3 http://www.myylt.com/2008/05/01/what-would-it-mean-to-the-us-economy-if-the-world-stopped-using-dollars-as-the-international-currency/#comment-2858 Am_I_Bluffin?? Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2008/05/01/what-would-it-mean-to-the-us-economy-if-the-world-stopped-using-dollars-as-the-international-currency/#comment-2858 Give me a break!! What makes you think that dollars are the international currency. What about yen, francs, euros, etc? Not everything is measured against the almighty dollar. Give me a break!! What makes you think that dollars are the international currency. What about yen, francs, euros, etc? Not everything is measured against the almighty dollar.

]]> http://www.myylt.com/2008/05/01/what-would-it-mean-to-the-us-economy-if-the-world-stopped-using-dollars-as-the-international-currency/#comment-2859 davidosterberg1 Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2008/05/01/what-would-it-mean-to-the-us-economy-if-the-world-stopped-using-dollars-as-the-international-currency/#comment-2859 Supply and demand: As the demand decreases, the value declines. That would lead to inflation in the US. The reason for the rise in oil prices has been the lack of strength of the dollar vis-a-vis major foreign currencies. This causes the price of oil, denominated in dollars, to increase. When the dollar falls against the Yen, Euro, Pound, etc, it takes more dollars to buy a barrel of oil, but when Yen, Euros, etc are converted to dollars, and then to oil, the Japanese, Brits, EU nations don't notice a large price increase. Bottom line: The world is headed that direction and we're feeling the ill effects. A debtor nation cannot expect a strong currency. Supply and demand: As the demand decreases, the value declines. That would lead to inflation in the US. The reason for the rise in oil prices has been the lack of strength of the dollar vis-a-vis major foreign currencies. This causes the price of oil, denominated in dollars, to increase. When the dollar falls against the Yen, Euro, Pound, etc, it takes more dollars to buy a barrel of oil, but when Yen, Euros, etc are converted to dollars, and then to oil, the Japanese, Brits, EU nations don't notice a large price increase.
Bottom line: The world is headed that direction and we're feeling the ill effects. A debtor nation cannot expect a strong currency.

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