From: "George Sherwood" 

On Thu, 18 May 2006 06:55:22 +0200, Phil Payne wrote:

> I expect to see oil priced in Euros by the end of next year at the absolute
> latest.  The next major fiscal shock will be the chickens coming home to
> roost on the Iraq invasion.  So many entities ave been dipping their bread
> in the gravy unquestioned and so many agencies have been delaying true cost
> reports that a massive bubble has built.  Possibly $1trillion. Shrub must be
> desperately hoping it doesn't go pop before the elections.  Especially
> _just_ before the elections.  I wonder how many know the truth, and whether
> any are planning timed disclosure.
>
> Real weird thoughts result.  I worked for multi-nationals in Europe for
> years, and transnational transactions were always priced in US$.  Such
> transactions within the EU have been priced in Euros for quite some time
> now.  EU transactions with China, Japan, etc., have been in Euros now for a
> few years.

You are persistent chap.  I would have to check the archives for sure, but
I believe it was in Spring 2003 the last time you through out your ideas of
oil priced in Euros and all intl transactions in Euros.  I believe three
years from now, your prediction will turn out to be just as correct.


>
> How long before consumer prices within the USA are in Euros?

Not in any of our lifetimes that is for sure.   You actually believe this
or just throwing out crap?

George

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