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Comment on US Trade Dominance Will Soon Begin to Crack

biggest thing for the rest of the world is the sovereign debt crisis. greece nearly drug down the EU when theirs popped off and their entire economy is just sxporting crude and ripping off the occasional tourist.

USD is the cornerstone to the entire western financial system, not to mention international trade as a whole…

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Buffalox@lemmy.world ⁨10⁩ ⁨hours⁩ ago

greece nearly drug down the EU when theirs popped off,

Erh no! Don’t trust the sensationalist stories about the Euro collapsing for this or that reason. Those stories are always without merit, my guess is they serve a purpose for speculation or are just sensationalist stories.

USD is the cornerstone to the entire western financial system

What are you smoking? It doesn’t make a hoot of difference to the rest of the world to trade in another currency. But more likely than not, it won’t be a single currency replacing USD, it will be a basket of currencies where USD will probably be a part.

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- IronBird@lemmy.world ⁨10⁩ ⁨hours⁩ ago
  there’s so much wealth/debt obligations tied up in USD, your the one smoking something if you think a US sovereign debt crisis finally popping off doesn’t drag a large chunk of west down with it.
  
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