Posted by Bill(Wis) on March 22, 2016 at 11:44:53 from (216.46.173.36):
In Reply to: Re: inflation posted by Eldon (WA) on March 22, 2016 at 09:45:39:
The dismal performance of the currencies of the rest of the world makes the US Dollar the "World Currency". Literally. Commodities around the world are traded in US dollars. Even though the Bretton Woods accords no longer apply. Russia would love to sell oil in rubles. China would like to sell commodities in yen. But for them to try to do so would be a joke. The US dollar is the currency of the trading world. That's why there is such a high demand for dollars. Over two thirds of the dollars "in circulation" are outside of the United States. And, it will remain that way for a long time to come.
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Today's Featured Article - Persistence Pays Off - by Sam Grice. About a year ago I was driving down Hwy 36 south of Houston and I saw an old John Deere H sitting in a field with the planters and cultivators still on it. It appeared that it hadn't run in some time, but I stopped and went to the farm house and asked if the tractor was for sale. The lady of the house who answered the door offered no answer, but said that she would talk to her husband and have him call me. I figured he was away at the time. Well I heard from him the next day, and he procee
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