Zig Posted July 17, 2011 Author Share Posted July 17, 2011 decy, re-read what aod said. sure, it was world wide markets. did it ever occur to you that the dollar is the international reserve currency? everything the FED does, affects everyone. and aside from the FED, all governments have the same rules if not more. all governments print money and follow the lead of the FED. Quote Link to comment Share on other sites More sharing options...
Decyferon Posted July 17, 2011 Share Posted July 17, 2011 Zig, that makes no difference to the current issues facing countries who are unable to meet the repayment on their soverign debt though, whether it is dollar, euros, or pounds, if they don't have then the shit hits the fans, the US doesn't have enough to pay it's soverign debt and needs it limits raised. The actual currency makes no difference to the ratings agencies, if they reduce the US rating then it will be up shit creek. Quote Link to comment Share on other sites More sharing options...
ILOTSMYBRAIN Posted July 17, 2011 Share Posted July 17, 2011 Zig, that makes no difference to the current issues facing countries who are unable to meet the repayment on their soverign debt though, whether it is dollar, euros, or pounds, if they don't have then the shit hits the fans, the US doesn't have enough to pay it's soverign debt and needs it limits raised. The actual currency makes no difference to the ratings agencies, if they reduce the US rating then it will be up shit creek. It does when they use similar methods to solve their debt problems. Print more money, go into further debt. Bad economics, it almost looks as if it is being done on purpose. Let's raise the debt ceiling, that should fix this. :lol: Quote Link to comment Share on other sites More sharing options...
Decyferon Posted July 17, 2011 Share Posted July 17, 2011 it is definitely bad economics, what I meant is while it might all be down to the dollar, it makes no difference to a country like Greece who is will more than likely default, and that is a problem for the euro much more than the dollar, essentially if the money isn't there then it doesn't matter what denomination that money is. Quote Link to comment Share on other sites More sharing options...
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