7.11.07

7 Countries Considering Abandoning the US Dollar



The Countries
Saudi Arabia
South Korea
China
Venezuela
Sudan
Iran
Russia

What does this all mean?
"Countries are getting tired of losing money on the falling dollar.Many Countries want to protect their financial interests,and some of them want to end the US oversight that comes with using the dollar.It’s not clear how many of these countries will actually follow through on an abandonment of the dollar, it is clear that its status as a world currency is in trouble.But losing this status of the dollar hurt financial lives of both Americans and the worldwide economy".
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