Originally Posted by elfailo
Guess how many people would have lost their jobs if there hadn't been bailouts...
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Tons. Keeping the bubbles going however, just makes the inevitable correction more extreme. We are talking about the (acting) world reserve currency after all. Which reminds me; another example of that status being eroded are all the trade agreements between eastern block countries set up in the past year...They're settled in currencies other than the USD, which decreases the world demand for USDs. This was one of the primary factors with Iraq, as I believe (prior to the invasion), they were looking at settling oil transactions in Euros.