GFY Geopolitical Strategists - What Happens if the Oil Rich Countries Drop The Dollar
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about time! shame got to wait 9 years for it, cos €1.25/litre is highway robbery. Bringing to the table a pot of different currencies will make things more economically stable, since no once currency can tip the status quo.
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All models are wrong, but some are useful. George E.P. Box. p202 -
The US economy will plummet and we will become a third world country.
Unfortunately the only keeping us afloat is the dollars tie to oil. Sort of like the new gold standard. Once the dollar came off gold -- inflation kicked into overdrive. Without the tie to oil, the US dollar will be an epic fail.
Well this should make the anti-immigration people happy. US workers may be going to Mexico to find a job now.
It wont happen for another 9 yrs. Perhaps the US economy will be in a complete state of recovery or we will be a completely "green" country and will have shaken our dependence on the middle east oil reserves. Otherwise, that is an ominous future looming.Last edited by pornlaw; 10-06-2009, 08:40 AM.Comment
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