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SVTPerformance's Chain of Restaurants
Road Side Pub
US economy, confidence
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<blockquote data-quote="Leadhead" data-source="post: 414675" data-attributes="member: 4129"><p>You might be right, however here is another way to look at it. This is just my opinion. The reason the dollar is devalued right now is probably because the countries that opposed our actions in iraq dumped their stock of dollars because they didn't think we could pull off what we did. Like you said earlier, this also effected the bond market. When we get positive control over iraq and it's economy and start rebuilding it, our companies are going to bust that market wide open. Our stance will be that untill we see fit that iraq is on it's feet, repudable companies will handle iraqs foriegn trade. The companies that will broker these deals will be american and british companies, and what currency do you think those deals will be done in? That's right, dollars. Considering iraqs vast oil reserves, we will probably set the oil price very low to undercut opec and then we will be selling iraq most of it's food! You see, we will be profitting off of both sides. Not only will the dollar at least gain back it's 20%, but alot of other countries currencies are going to lose their value by probably the same amount because they will have to buy back the dollar in order to buy oil at the same low price as other not so dumb countries. Why do you think there is all of this baseless reasoning of NOT lifting sanctions on iraq? Those are the countries that sold their stock of dollars.</p><p></p><p>I could be wrong, but that is what I think is going on.:shrug:</p></blockquote><p></p>
[QUOTE="Leadhead, post: 414675, member: 4129"] You might be right, however here is another way to look at it. This is just my opinion. The reason the dollar is devalued right now is probably because the countries that opposed our actions in iraq dumped their stock of dollars because they didn't think we could pull off what we did. Like you said earlier, this also effected the bond market. When we get positive control over iraq and it's economy and start rebuilding it, our companies are going to bust that market wide open. Our stance will be that untill we see fit that iraq is on it's feet, repudable companies will handle iraqs foriegn trade. The companies that will broker these deals will be american and british companies, and what currency do you think those deals will be done in? That's right, dollars. Considering iraqs vast oil reserves, we will probably set the oil price very low to undercut opec and then we will be selling iraq most of it's food! You see, we will be profitting off of both sides. Not only will the dollar at least gain back it's 20%, but alot of other countries currencies are going to lose their value by probably the same amount because they will have to buy back the dollar in order to buy oil at the same low price as other not so dumb countries. Why do you think there is all of this baseless reasoning of NOT lifting sanctions on iraq? Those are the countries that sold their stock of dollars. I could be wrong, but that is what I think is going on.:shrug: [/QUOTE]
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