applegrove
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Thu Jul-07-11 08:58 PM
Original message |
So what will happen to the USA as the reserve currency if the repukes sink the debt ceiling talks? |
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* Rich people's money will not go as far, outside the usa, as the value of the American dollar will fall.
* Inflation will rise
* ......
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napoleon_in_rags
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Thu Jul-07-11 09:07 PM
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1. Somebody here told me its all about the petrodollar recycling. |
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Oil importers invest here due to petrodollar, because they get most bang for investments due to petrodollar. So that would probably be a factor.
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PoliticAverse
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Thu Jul-07-11 09:11 PM
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2. The dollar has been taking a hit as 'the reserve currency' since the advent of the Euro. |
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Extremely low US interest rates and FED inflation hasn't helped matters.
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FreakinDJ
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Thu Jul-07-11 09:26 PM
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3. Wall St / Global Banking are the big loosers |
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That is really what this is all about
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DU
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Sun May 12th 2024, 05:23 PM
Response to Original message |