omg haha shit
Out of context: Reply #50
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- Nairn0
basically - there are more dollars in print than the US can actually afford. This is fine if the dollar remains strong and the value remains liquid - a good thing, in fact - kind of like free credit. if it's only Iran that shifts to the Euro, this probably won't amount to more than a minor inflation adjustment. If, however, it sets a precedent and other countries follow suit - starting with the countries of the OPEC cartel, followed in order of holdings down the list of countries that the US has significant trade with - China, Russia, etc etc, then suddenly the dollar will HAVE to be adjusted to its actual value = the currency becomes massively overvalued, everyone sells, the economy implodes.
ta-da! welcome to a new world order - and you can bet against the US/West sitting there, allowing this all to happen.