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Originally Posted by kotetu
that will be the straw that breaks OUR dollar's back. The oil/dollar hegemony is the only thing keeping our dollar as high as it is. If oil is traded in other currencies, there won't be world wide demand for dollars because those countries won't NEED dollars to buy oil. Read about the Petrodollar. It's very interesting stuff.
Ah well, it will happen sooner or later anyway.
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just goes to show my confidence in the US banking institution and the power of the green back. It will send a clear signal to Bernanke and those at the FED that they fucked up.
But then again, with the smoke forming in the middle east between iran and israel, we may not be here long enough to worry about it.
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Quote:
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Originally Posted by kotetu
man your ebrake sticks up like a pale man's penis. it's just wrong.
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