dollar devalued
http://www.currencytrading.net/2007/7-countries-considering-abandoning-the-us-dollar-and-what-it-means/
Countries 1, 3, and 7 are the ones that i would worry about the most.
With Saudi Arabia being one of our main source of oil, the U.S. cannot afford to lose the use of the dollar there. This could be a way for the Saudis to grab the U.S. by the balls, and make certain demands. We are oil hungry, after all.
3, China, is a quickly growing economic power. While militarily they currently pose little threat to the International Community, their growing economic power frightens the U.S- being mass exporters, if they were to put down the U.S. Dollar, then we would lose a large margin of profit and many imports. It would be a somewhat economically devastating blow.
Finally, Russia- After G.W.B fucked up and informed them about our plans RE: missile defense in Western Europe, they pulled out of the NATO Arms Pact. Way to go Bush. Also, he gave them a SEGWAY. What a fucktard. Then, they go ahead and make a vacuum bomb. Yay. On top of that, political tension between Russia and the UK mounted as Russia refused to give up a wanted UK criminal. Growing ever more nationalistic, Russia disowning the U.S. Dollar and building up a Russian Stock Exchange would suggest further economic independence and thus a possibility for future hostility.
In general, the U.S. needs to get its act together, but basically, it can't. Well darn.
Countries 1, 3, and 7 are the ones that i would worry about the most.
With Saudi Arabia being one of our main source of oil, the U.S. cannot afford to lose the use of the dollar there. This could be a way for the Saudis to grab the U.S. by the balls, and make certain demands. We are oil hungry, after all.
3, China, is a quickly growing economic power. While militarily they currently pose little threat to the International Community, their growing economic power frightens the U.S- being mass exporters, if they were to put down the U.S. Dollar, then we would lose a large margin of profit and many imports. It would be a somewhat economically devastating blow.
Finally, Russia- After G.W.B fucked up and informed them about our plans RE: missile defense in Western Europe, they pulled out of the NATO Arms Pact. Way to go Bush. Also, he gave them a SEGWAY. What a fucktard. Then, they go ahead and make a vacuum bomb. Yay. On top of that, political tension between Russia and the UK mounted as Russia refused to give up a wanted UK criminal. Growing ever more nationalistic, Russia disowning the U.S. Dollar and building up a Russian Stock Exchange would suggest further economic independence and thus a possibility for future hostility.
In general, the U.S. needs to get its act together, but basically, it can't. Well darn.