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To: Reverend Wright
If the alternative is to have the USA seize your dollar accounts (which they did) keeping it in the bank in India is better.

Lol, heads America wins, tails Russia loses. Poor Putin can't get a break.

Everyone except the United States which goes to zero without the $US as the international currency.

Ha - that's a take. Fine give me all of your worthless dollars then.

10 posted on 09/12/2023 8:06:46 PM PDT by Alter Kaker (Gravitation is a theory, not a fact. It should be approached with an open mind...)
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To: Alter Kaker

There is approx 7 trillion dollars of foreign exchange transactions per day, and almost 90 percent involve the $US.

That creates a huge demand for dollars, which is why the US can run massive budget and trade deficits for decades without devaluation or higher interest rates.

The US can print massively every time there is a financial crisis without big currency devaluation or inflation.

If the USA were to lose that because other countries start using the Euro, the US becomes a “post-industrial” economy that can’t finance its budget and trade deficits without high interest rates or massive inflation.

It won’t even be able to afford imports. Which will be difficult since the US doesn’t make much anymore and relies on imports of Ch!nk crap.

Both the BRICs and the EU have a big incentive to make this happen.

But many in the USA don’t see the risk because they are too bound up in the “’Merica, F*ck Yeah!” mentality.


14 posted on 09/12/2023 9:05:07 PM PDT by Reverend Wright ( Everything touched by progressives, dies !)
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