>>If we have our permaculture gardens why would we care about the dollar?

Are you fully self-sufficient? (i.e. no trips to supermarkets, able to produce your own food, clothing, energy from within your local community?). If so, please tell me as I’d like to check out what you’re doing and show it as an example of sustainability if you don’t mind.

If not, then of course a collapsing capitalist system will certainly have an impact on you and yours. And, unfortunately, I think that even if you are living a ‘holy grail’ existence – living with the sustainable use of local resources, within a dynamic and functional community – I’m afraid it’s impossible to be an untouched island of harmony and bliss when the globalised world is tumbling around you. You’ll never build walls high enough to keep the unprepared out.

I think it would be a good thing for world trade if Countries traded in their own currencies. Certainly France and UK do. Asian countries seem to be afraid to do so. If they can’t trust the dollar what will they do?-turn to gold?

I’d be buying gold shares and a lump of gold anyway.

http://globaleconomicanalysis.blogspot.com/2009/10/ridiculous-hype-over-secret-oil.html

-quote from his site-
1) Oil is priced in dollars.
2) Oil trades in Dollars and Euros right now in spite of the pricing unit being dollars. OPEC has recently admitted this fact.
3) Clearly oil does not have to be priced in Euros to trade in Euros, or for that matter priced in Yen to trade in Yen. The same applies to any major currency.
4) Neither Venezuela or Iran hold any dollar reserves. To the extent that either is taking trades in dollars, there is clearly nothing forcing them to hold dollars. By extension there is nothing forcing any OPEC country to hold dollars if it doesn’t want to.
5) It takes less than a second for Forex trades to take place. 24 hours a day, 7 days a week, one can sell any currency they want and buy any other currency.
6) The above logic applies to any currency and any commodity.
7) Nothing is stopping anyone at any time anywhere from selling dollars for whatever currency they want to hold. Nor is anything stopping anyone anywhere at any time from selling any major currency for U.S. Dollars.
Because currency conversion is instantaneous no one has to hold U.S. dollars to buy oil, copper, gold, iron, lead, wheat, soybeans, or anything else.
9) Dollars are held (or not held) for reasons totally unrelated to pricing unit. Some of those reasons are political, some are based on sentiment, some on trade patterns and trade relationships, and some to suppress the value of local currencies to improve exports.
10) Currencies float and so do the price of oil and commodities. Pricing oil (or any other commodity) in Euros will not cause a price change in dollars. Look at gold which is simultaneously priced in everything as proof.
-/quote from his site-

http://www.lifeaftertheoilcrash.net