Quote:
Originally Posted by nailer
At some point maybe, but will the Fed default on all outstanding loans or just those in foreign hands. As long as we keep going on like we have the last half century I and many others will be fine as things now stand.
The dollar was not in peril when Nixon stepped away from the Bretton Woods system ( https://en.wikipedia.org/wiki/Bretton_Woods_system). Remember reading an article that pointed out he did it to avoid a potential mild Bretton Wood recession which may have jeopardized his reelection chances.
Fuck the Saudis and the camels they road in on,  |
And we nearly immediately had the OPEC oil embargo.