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We'll still be the world's reserve currency for a while, but this is still a step to fixing the inherent systemic problems within the United States. Unfortunat
by Lost_BiomedE 12y ago
We'll still be the world's reserve currency for a while, but this is still a step to fixing the inherent systemic problems within the United States.
Unfortunately, being the world's reserve currency is the driver of our wars. Until the dollars for oil trade changes, we back our currency with a big gun.
- encoderer 12y agoHmm.. IMO you might be confusing correlation and causation here. You think the geopolitical relationship between us and OPEC countries would be different if only we paid in Euros? What will move the needle on this is simply not buying their oil. And that's precisicely what's happening. Say what you want about fracking, I'd rather pull petroleum out of shale than buy it from Opec.
- Lost_BiomedE 12y agoYou think the geopolitical relationship between us and OPEC countries would be different if only we paid in Euros? We invaded Iraq over that threat.