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U.S. dollar --What happens if Dollar is Replaced as world's currency ?
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<blockquote data-quote="island1fox" data-source="post: 816813" data-attributes="member: 4816"><p>wkmac,</p><p>It will get very interesting if and when we are forced to purchase all imports in a "foreign currency"</p><p>We will immediately see the difference between a Producer nation and a Consumer nation.</p><p> </p><p>The Dollar will plunge in value, Prices on oil and the very basics for life will skyrocket.</p><p>The Government will impose wage controls and price controls with unintended consequences.</p><p>There will be country wide strikes, riots in the streets and interest rates will skyrocket. </p><p> </p><p>Chaos will reign --How it all ends and begins again --anyones guess !!<img src="/community/styles/default/xenforo/smilies/FeltTip/sad-little.png" class="smilie" loading="lazy" alt=":sad-little:" title="Sad Little :sad-little:" data-shortname=":sad-little:" /></p><p> </p><p>The U.S. dollar has lost over 11% of its purchasing power in just the last seven months.</p><p>The price of oil is skyrocketing, Gold has doubled,copper is up 200% in two years,and cotton is up 102% in 12 months --watch the price of clothing.</p><p> </p><p>I believe the "world bank" has a world currency ready to go --the banc ??</p><p> </p><p>I would think many Americans have never heard of QE2 !!</p></blockquote><p></p>
[QUOTE="island1fox, post: 816813, member: 4816"] wkmac, It will get very interesting if and when we are forced to purchase all imports in a "foreign currency" We will immediately see the difference between a Producer nation and a Consumer nation. The Dollar will plunge in value, Prices on oil and the very basics for life will skyrocket. The Government will impose wage controls and price controls with unintended consequences. There will be country wide strikes, riots in the streets and interest rates will skyrocket. Chaos will reign --How it all ends and begins again --anyones guess !!:sad-little: The U.S. dollar has lost over 11% of its purchasing power in just the last seven months. The price of oil is skyrocketing, Gold has doubled,copper is up 200% in two years,and cotton is up 102% in 12 months --watch the price of clothing. I believe the "world bank" has a world currency ready to go --the banc ?? I would think many Americans have never heard of QE2 !! [/QUOTE]
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