[ConservativeMind]

Well, when you can't corner the market on dollars, this is the next best thing.

Truthfully, it doesn't matter what the denomination is for oil, as all that needs to happen is for oil producing countries to raise the barrel price--as they already have.

Soros is hoping for a windfall. Here's hoping we can cost him the money he's bet.

[JPJones]

Truthfully, it doesn't matter what the denomination is for oil

Let's hope so. I can't help but think that oil has been a 'gold standard' for the dollar. If you don't need dollars to buy oil, then the demand for dollars will fall...correct?

[Hostage]

It does matter because oil producers keep large balances in banks that are denominated in dollars.

The balances in those accounts lose value when the dollar weakens against other currencies.

If Soros can convince those account holders to convert their dollars to Euros then he wins because he is short the dollar.

[GOPJ]

Would Soros tank the American economy to get his pound of flesh? He's played the fool in public, he bet on Kerry and lost, and he's ticked off. Big time.

Dems who stand with him against their own country will pay a price. Soros is going to get his hand is caught in the cookie jar, and dems will go down with him. Now's the time for Hillary to distance herself from the biggest torpedo to hit the dems since Monica.

"The US dollar is weak, and is expected to deteriorate more," said Soros.