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| Crisis towers over the dollar |
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 tokyo_to_motueka writes: (W Joseph Stroupe is editor in chief of Global Events Magazine, an online geopolitical magazine specializing in strategic analysis and forecasting.)
...a number of oil-exporting countries have already gone on public record as to their preference to make an exit from petro-dollars in favor of petro-euros. They have indicated that if Russia begins such a move to petro-euros, they will rapidly follow Russia's lead. The net effect would be a rapid international abandonment of the dollar as the international currency, which would in turn "bring down the towers" of the heavily debt-ridden US economy.
Asia Times
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Posted on Monday, November 29 @ 03:00:46 PST by aaron |
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Average Score: 2.5
Votes: 2
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