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To: 1rudeboy
What would the Ruble/USD cross look like if crude oil were priced relative to a basket of currencies & commodities rather than the US Dollar?

Maybe we'll find out.

21 posted on 03/03/2014 5:54:53 PM PST by mac_truck ( Aide toi et dieu t aidera)
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To: mac_truck
What would the Ruble/USD cross look like if crude oil were priced relative to a basket of currencies & commodities rather than the US Dollar? Maybe we'll find out.

The US was the largest economy in the world and had the highest per capita income among the major powers when the British pound was the world's reserve currency. Having the dollar as the reserve currency is a drag on the US economy, not a boon. It was after the dollar attained reserve currency status - after WWII - that the economic gap between the US and the world starting shrinking.

23 posted on 03/03/2014 6:01:36 PM PST by Zhang Fei (Let us pray that peace be now restored to the world and that God will preserve it always.)
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