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To: listenhillary
“... and abandoning valuing oil in dollars?”

Good point — needs to be repeated often. The U.S. drives huge benefits from having the world's (main) reserve currency. Most Americans probably won't know what you've got, til it's gone.

(For instance, in Canada, we learned how hard it is to pay down a national debt that's denominated in a foreign — i.e. U.S. dollar. As the loonie fell against the greenback, our debt increased proportionally.)

27 posted on 07/25/2008 9:09:05 AM PDT by USFRIENDINVICTORIA
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To: USFRIENDINVICTORIA
Most Americans probably won't know what you've got, til it's gone.

Most Americans haven't realized that they have LOST 50% of their wealth. If you had money or a 401K in the stock market in 2003 since the dollar has weakened roughly 50% even though you've still got your money it's only worth half as much. Wait until the American stu-sheeple figure this one out. We haven't even touched on what the real inflation numbers REALLY are (it's not 2% that's for sure), then we can move over and talk about social security a year or two from now when we will be increasing the debt to pay for this, but hey we have 9 trillion dollars to pay for a drug plan that nobody (except the politicians) wanted. You would be lucky to have your money & wealth OUTSIDE of the United States.

71 posted on 07/25/2008 11:50:48 AM PDT by PEACE ENFORCER (One Needs to Have the Capability of Using Deadly Force at Any Moment.....:))
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