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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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Is this supposed to be something new? Go back in the achives of this Board for the past 5 years and you will find several Threads I have written on this topic. Very simply put, the US because it is the currency that oil trades for. it is able to manipulate the currency to the benifit of the US.
Everybody has to have piles of USD onhand to buy oil. So those USD are never traded they are held in reserve. So we can print more, it also puts other nations in a position of having to support the USD or risk having those USD become worthless. Get the picture.
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"Some Observer"
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