Wednesday, November 05, 2008

The Big One Is Nigh (economic earthquake)

When the “petro-euro” becomes reality, the global demand for dollars will collapse […] World trade will cease being a scheme in which Washington prints dollars and the rest of the world produces things that dollars can buy. The U.S. economy will no longer enjoy the benefits of a gigantic subsidy provided by the goods and services of countries hol

read more | digg story

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