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**Txaizdxx** · 07-14-2012, 07:11 PM

I doubt that China would want that either... You'd lose all credit, and what would you offer? More paper?

You'd lose the petrodollar.. The world would become an unstable place as bilateral trade commenced in their own currencies.

Everybody would be worried about this.. Possibly chase assets..

Somebody would suggest a global reserve currency.. Which might look like a good idea.

07-14-2012, 07:11 PM	#22
Txaizdxx Join Date Nov 2005 Posts 489 Senior Member	I doubt that China would want that either... You'd lose all credit, and what would you offer? More paper? You'd lose the petrodollar.. The world would become an unstable place as bilateral trade commenced in their own currencies. Everybody would be worried about this.. Possibly chase assets.. Somebody would suggest a global reserve currency.. Which might look like a good idea.
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