Detailed text transcripts for TV channel - FOXNEWS - 20110322:20:44:00
Priced in dollar but the oil producers are moving away from dollars and as that happens china will look to hold their reserves in the same currency that oil is sold in and when they do that they will move away from the dollar, the treasuries will start being unloaded and flooding back on to america's shore and we will experience a burst of the currency bubble. if the state doesn't do that, you have an uphill fight and they do not have a gold or silver standard, what happens? >>guest: well, the dollar conditions to devalue more and more and i don't necessarily think we will get into -- the pric...
Source: news source