The petroDollar system breaking down, where oil is no longer paid for in Dollars internationally... - Addison Wiggin Quotes
#1
Quote:The petroDollar system breaking down, where oil is no longer paid for in Dollars internationally, essentially would be the death knell to the US Dollar as the reserve currency. It means the US can't borrow with 'exorbitant privilege' anymore, and it means the US Treasury market is set for an out-of-control interest rate spiral. - Addison Wiggin Quotes
  


Possibly Related Threads...
Thread Author Replies Views Last Post
  The way to bring gas prices down is to end our dependence on oil and use the renewable sources that can give us the equivalent of $1 per gallon gasoline. - Al Gore Quotes soni 0 7 8 hours ago
Last Post: soni
  The oil industry has outpaced the building of a public consensus of the implications of climate science. - Al Gore Quotes soni 0 9 Yesterday, 07:25 AM
Last Post: soni
  The role of campaign contributions in our political system and the role of lobbyists have now reached levels that are quite unhealthy... - Al Gore Quotes soni 0 9 Yesterday, 07:14 AM
Last Post: soni
  The scientists are virtually screaming from the rooftops now. The debate is over! There's no longer any debate in the scientific community... - Al Gore Quotes soni 0 6 Yesterday, 07:05 AM
Last Post: soni
  If there is no cost to be paid for the indiscriminate dumping of pollution into the earth's atmosphere... - Al Gore Quotes soni 0 6 Yesterday, 06:53 AM
Last Post: soni



Users browsing this thread:
1 Guest(s)