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Originally Posted by Snake Doctor
Most OPEC nations take their oil profits and invest them in US treasuries and US denominated securities.
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Untrue.
Quote:
Originally Posted by Snake Doctor
They can't divest themselves of dollars and switch to another currency without simultaneously driving the value of their assets into the ground.
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Untrue.
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Originally Posted by Snake Doctor
They're in the same boat with us and if it sinks we all drown.
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Untrue.
Quote:
Originally Posted by Snake Doctor
Plus the idea that the only reason there is support for the US economy is because oil is traded in dollars is ludicrous.
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Assumption based on serveral other assumptions.
Quote:
Originally Posted by Snake Doctor
We have the strongest, most stable economy in the history of the world.
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Untrue.