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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: regli who wrote (52721)2/5/2006 3:23:03 PM
From: kris b  Read Replies (1) of 110194
 
The more reserves, the higher the demand for dollars.

The other issue is that with price of oil doubling within the last few years the demand for US $ doubled (to pay for oil) as well. This allowed US to create with impunity more US $ claims. Instead of RE they used oil as collateral to print US $. If all commodities traded in Euro who would need US $. This would spell the end of the buck as the world reserve currency.
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