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Strategies & Market Trends : The coming US dollar crisis
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To: TH who wrote (9626)7/18/2008 2:44:26 AM
From: Real Man  Read Replies (1) of 71475
 
In some way high oil may be helping the dollar at the present
time rather than hurting it, since our middle east buddies peg
their currencies to ours. In some way they are thus like a part
of US currency system - oil they export to Europe and
China helps the dollar through the peg, oil they export to
us does not matter. Petrodollar recycling. If they depeg,
then ... I guess Bush bombs them -g-

Take Spain and UK, for example. If Spain did not use Euro,
then their currency would be at risk. UK - since they don't
use the Euro, the pound will likely drop against it.

The middle east currency, for all practical purposes, is
the US dollar.
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