To: JPJones
Because we're infidels....? Uh, no.
They are reluctant to accept U.S. dollars for their oil because they aren't fools. See the attached thread for an interesting discussion of this topic, particularly the explanation I provided in Post #69:
1973 U.S. Threat to Seize Arab Oilfields
Keep in mind that the thread I've linked here is almost four years old.
313 posted on
11/02/2007 11:01:41 AM PDT by
Alberta's Child
(I'm out on the outskirts of nowhere . . . with ghosts on my trail, chasing me there.)
To: Alberta's Child
So The embargo was for our support for israel...or against the falling dollar?
318 posted on
11/02/2007 11:15:35 AM PDT by
JPJones
To: Alberta's Child
If you go back and look at the historical price of gold, you'll find that for the most part it has been remarkably stable.Yeah, if you peg the value of the dollar to gold, the price of gold will be remarkably stable. LOL!
321 posted on
11/02/2007 11:19:27 AM PDT by
Toddsterpatriot
(What came first, the bad math or the goldbuggery?)
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