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Originally Posted by Paul
It's a dangerous game indeed. I suppose American can continue to do as it pleases until A) We run out of oil, B) More countries start trading oil in other currencies or commodities other than the $
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We will not run out of oil. We are about to become one of the world's largest exporters of oil. Now that they have figured out how to rape the Earth in new ways they are destroying huge areas of the Dakotas and West Virginia to retrieve oil, natural gas and other energy resources.
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I just can't see B) happening, many a country in recent history have tried and been invaded/regime changed for attempting it. China has been making a lot of noise recently about a new reserve currency etc At this point in time that's all it is though, noise. Well I'm off to buy some more Gold and hope it doesn't pay off like back in October 08 when we where days away from global bank runs 
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The likely outcome will be higher interest due on new debt which has a very negative impact on our economy and a more cohesive move away from American diplomatic interests - much the same way the NSA spy programs and Snowden info are causing many countries to rethink the way the entire internet is managed...
http://www.internetgovernance.org/20...us-government/