Where has all the money in the world gone?

Re:Where has all the money in the world gone? by SuperChihuahua on Saturday June 23, 2012 @04:34AM (#4150409)

But you need currency to buy oil. And the result is an "artificial" stronger dollar and a weaker euro - a different exchange rate - compared with if you could purchase oil in euro

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Re:Where has all the money in the world gone? by CamperBob2 on Saturday June 23, 2012 @06:24PM (#4151972)

So the real problem is that currency has a value all its own, entirely apart from what goods and services it can buy. As a result, there's no way to blindly equate X in one currency with Y in another, because the very act of exchanging one for the other affects their relative values. Transactions that should be purely economic in nature have unavoidable political undertones.

I see.

Wow, that's broken.

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