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fuzzywzhe » Comments » DUG
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Forget $100 a Barrel - Oil Will Plummet to $30 [View article]
The dollar is just not worth that much anymore. The US has screwed all of it's dollar holders by selling them CDOs, SIVs and crappy T Bills - you really think they are willing to purchase more dollars?
I don't think the author realizes that when a foreign entity sells product in the US, they have to take the US dollars and invest it somewhere. Traditionally, this is in debt, and in the last 6 years, they've been SCREWED by the debt the US has sold them.