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Old 01-27-2011, 01:14 PM
 
Location: The Republic of Texas
78,866 posts, read 46,512,309 times
Reputation: 18520

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It is not if, but when.

Looks like China & Russia are poising, themselves to take over the worlds currency.

What happens when the Saudi's and Arab's quit taking US dollars?
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Old 01-27-2011, 01:16 PM
 
24,834 posts, read 37,279,135 times
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Quote:
Originally Posted by BentBow View Post
It is not if, but when.

Looks like China & Russia are poising, themselves to take over the worlds currency.

What happens when the Saudi's and Arab's quit taking US dollars?
Your right, I just don't have a guess.
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Old 01-27-2011, 01:20 PM
 
Location: Tampa Florida
22,229 posts, read 17,825,162 times
Reputation: 4585
2096 is the current plan.
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Old 01-27-2011, 01:20 PM
 
Location: The Republic of Texas
78,866 posts, read 46,512,309 times
Reputation: 18520
I'm predicting 2012, right before the elections.
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Old 01-27-2011, 01:21 PM
 
22,284 posts, read 21,662,335 times
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Quote:
Originally Posted by BentBow View Post
What happens when the Saudi's and Arab's quit taking US dollars?
The Saudi's and Arab's WHAT?

And the answer to the thread title is "not in the foreseeable future in the current reality we inhabit"

But feel free to make predictions and I will bump this thread at that time.
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Old 01-27-2011, 01:22 PM
 
Location: North Cackelacky....in the hills.
19,567 posts, read 21,838,666 times
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As soon as China gets rid of a little more of the US debt.

I LOVE people who think the US$ is some sacred currency....
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Old 01-27-2011, 01:25 PM
 
Location: The Republic of Texas
78,866 posts, read 46,512,309 times
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Quote:
Originally Posted by florida.bob View Post
2096 is the current plan.

Bob, you are suffering from a condition all humans have. Some more than others
Normalcy Bias

Normalcy bias - Wikipedia, the free encyclopedia

The normalcy bias causes smart people to underestimate the possibility of a disaster and its effects. In short: People believe that since something has never happened before... it never will. We are all guilty of it... it's just human nature.
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Old 01-27-2011, 01:26 PM
 
1,168 posts, read 1,242,113 times
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It's really unpredictable but my assumption is it will be within 4 years
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Old 01-27-2011, 01:27 PM
 
Location: North Cackelacky....in the hills.
19,567 posts, read 21,838,666 times
Reputation: 2519
A better question might be,why should the world keep using the US dollar as a reserve currency?
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Old 01-27-2011, 01:27 PM
 
5,341 posts, read 6,504,588 times
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Quote:
Originally Posted by BentBow View Post
It is not if, but when.

Looks like China & Russia are poising, themselves to take over the worlds currency.

What happens when the Saudi's and Arab's quit taking US dollars?
It will not happen unless the current administration is
allowed to continue on it's spending spree




So what have we learned in 2,065 years?

"The budget should be balanced, the Treasury should be refilled, public debt should be reduced,

the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt.



People must again learn to work, instead of living on public assistance."



Cicero - 55 BC

Evidently nothing
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