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I find it remarkable that 2/3rds of US currency is held outside the USA. We all know why, but that is probably unique in the world today.
And it makes the US deficit and debt problems (nearly) everybody's problems. What if the US decides - or is forced - to devalue the dollar to pay off debt. Watch the Saudis and Chinese wail as their big piles of US$ halve in value.
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Shut up and hug. MoreThanPretty, Nov 5, 2008.
Just because I'm nominally polite, does not make me a pussy. Sundae Girl.
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