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The oil based dollar

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twistedbydsign99 posted on Mon, Jul 6 2009 11:32 AM

If gold is the peoples choice of a commodity, it appears that oil is the empires choice. So lets say our entire purpose in the middle east is to make sure people only pay for oil in dollars. What does this result in? Does the empire care how much oil is produced? The only effect I can see is that they would want to develop smaller countries in order to get their economies consuming oil and therefore creating a demand to hold dollars.

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