posted on May, 15 2009 @ 10:01 PM
Originally posted by GreenBicMan
reply to post by SLAYER69
Meaning we have more in circulation, or widely accepted..
It might come many years down the line, but not in our lifetimes..
You think Columbia, Brazil, even any european countries over lets say, the next 100 years, are going to be accepting yuan instead of dollars at a
Now I am not an economist by any stretch of the imagination, but if the US keep printing money at the current pace, surely it will have to reach a
point of hyper inflation wouldn't it?
Is the US green back going to still be widely accepted in other countries when the value drops to less that of the countries own currencies?
Now again I am not to sure how it works, but the US green back is somehow tied to oil and the oil purchased is in US dollars.
So if a country like Iran started accepting the Chinese Yuan as payment, wouldn't that in itself strengthen the Yuan and devalue the US dollar
Countries for a long time had been forced to buy oil in US dollars, in fact Suddam was the one who first switched to Euroes to purchase oil just
before he was invaded didn't he?
I also think Iran was toying with the idea about the same time they became a nuclear threat, but hey, thats just me being a conspiracy theorist