$Dollar Death$

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$Dollar Death$

This guy argues the opposite but conveniently forgets that the dollar has already lost 99% of its value and if China no longer accepts the dollar as payment from the US then where is America going to buy its cheap manufactured goods? His arguments about the Eurodollar and offshore dollar are meaningless if holders default on their debts and/or payments and turn to China instead. The currency is backed by Saudi oil, with them investing their profits in US treasuries.  What happens when they no longer do that?  Then the dollar is only backed by force.


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