Why would anyone in any other country have any faith at all in the US Dollar?
ThomWV
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Sat Sep-20-08 08:25 AM
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Why would anyone in any other country have any faith at all in the US Dollar? |
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Would you be willing to be paid money owed your or accept in payment of goods tendered the currency of a country who's banking system was on the brink of a well publicized failure? If I were the guy taking in the case for an oil producing nation I'd demand some other currency.
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orwell
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Sat Sep-20-08 10:55 AM
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1. It's the largest economy in the world... |
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...oil is traded in dollars and it has a massive arsenal of weapons.
Other than that I can't think of any reason.
Point well taken though. The long term trend of the dollar should be down.
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