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Saturday, January 22, 2011

Current events-economic

http://content.usatoday.com/communities/theoval/post/2011/01/obama-promotes-jobs-plan-gop-attacks-health-care-law/1

The concerted effort to make exportation a focus can also be a prelude to a reserve currency with the dollar no longer being the main player. Today, oil transactions are made in dollars. And the US borrows more than it exports and/or imports. This is facilitated by the status of the $ as the main component of the reserve currency...

BUT WHAT HAPPENS WHEN THAT IS NO LONGER THE CASE? Americans enjoy many benefits that come along with having their currency as the main dish, which most take for granted. BUT WHAT HAPPENS WHEN THAT IS NO LONGER THE CASE?

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