Just heard a discussion on CNBC where some "experts" agreed on the price of oil stabilizing between $45-50 in the near future. What amazes me always is that not for a moment they discuss the role which the strength or weakness of the US dollar has in all this. As if oil producing countries and for that matter all oil consuming countries have their currencies pegged to the dollar.

The same applies to all commodities. Isn't it time to start pricing them in terms of a basket of currencies instead of a US dollar, which we all know is being sacrified to shift as much US debt as possible to the rest of the world.

Amazing, these experts.