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The big question is what happens if the oil producing nations begin to trade oil in Euros rather than US Dollars?
Most western currency is pegged to oil in a similar way to how it used to be pegged to gold. As international powers choose to do less business in US dollars in favour of other currencies, this will have a real impact on the US economy.
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"My hands are on fire. Hands are on fire. Ain't got no more time for all you charlatans and liars."
- Old Man Luedecke
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