About the building of a Caesar and the real value of money

Really great interview below with Dr Paul Craig Roberts (the father of Regan economics). Everything indeed is mega worth listening to. For me however primarily two take aways:

1. Washington in fact now actually in the process of building up a new Caesar, a new Adolf.

2. As Dr Paul Craig Roberts stated in the end of part two: "today the US$ traded against the Swiss Franc $1/ 80 Swiss cents, when I was a young man it was $1/ Swiss 420 cents. And the decline of the US dollar has escalated this year."

My Comment - Think about this currency ratio for just a sec and the implications of it if you’re a buyer of oil from a hard currency country and also what this really means for the oil producers.A person with a Swiss Franc economy in reality when buying oil today pays some 5 times less ( at $1/ 80 Swiss cents) for his oil than what was the case when you had the ratio ($1/ Swiss 420 cents). So for these economies it sure cannot be argued the cost for oil has increased. Instead in a hard currency region you then as oil is priced in US$ pay less for oil as the dollar overtime has depreciated vs. these hard currencies and is in the process of getting further depreciated.

Compare then this with the oil producer that has to accept US dollars. They have within the very same time frame in real terms actually lost 5 times purchasing power. Fr every liter oil they sell in US$ they get very much less. Bottom line it's not the oil prices that is hurting the economy it’s the currency value depreciation that is hurting when you buy your imported gasoline at the pump those living in soft currency regions (e.g. like the US and Euro Europe). It’s also a real losers game as well for all oil producers all over the world having to accept UD$.

Then, no wonder the US Empire is crumbling as all "satellite" states now with a lot of recourses with all their means available try to get out of this dollar trap.

You also indeed could argue as oil producers when paid in US$ over the years barely have been compensated for loss of purchasing power. In Fact if they want to be fully compensated for this and in addition taking in consideration less available supply and supply destruction, well then oil prices has to go very much higher..

American dependence on imports grew from 10% in 1970 to 65% by the end of 2004. At the current rate of unchecked import growth, the US would be 70% to 75% reliant on foreign oil by the middle of the next decade. In the light of this - no wonder the US deficits has reached a chronicle illness state as depreciation of the dollar continues.

Here is a chart of the last years USD/Franc relationship.
May I suggest you also use the "Max" button as far as timeframe is concerned under the chart? Reveling..
http://finance.yahoo.com/echarts?s=USDCHF=X+Interactive#chart2:symbol=usdchf=x;range=my;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined’

Part 1
http://www.youtube.com/watch?feature=player_embedded&v=naKmwXpW8GE

Part 2
http://www.youtube.com/watch?v=YzyRfwmKu_I