KK Laughner

Google The Bretton Woods conference Brittish Sterling and devaluation for some perspective.
Currently were borrow 40% of every dollar we spend. If we cut spending too much we stall the economy if we do not restore US deficits to sustainable levels we risk a sovereign debt crisis in the worlds largest economy.
Oil is priced in dollars and we can print as many dollars as we need to buy it. Imagine if the oil producers decide to price oil in some other currency what will happen?
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Once you go black you never go back