US dollar to die out in oil deals?

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Uploaded by on Oct 6, 2009

The U.S. dollar may be dealt a major blow to its dominant role in global trade...
A report in the 'Independent' newspaper in the UK, says that Gulf states along with China, Russia, Japan and France are planning to stop using the greenback in oil deals.

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  • The dollar will collapse long before 2018. Try 2009!!

  • Isn't this why America attacked Iraq because they didn't want to trad American money for oil?

    I though If America attacked Iraq it would be a lesson to the hole world if you stop using our money you will be attacked.

    Thats the way I see it.

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  • does not seem like it's dying out. talk, talk, talk.

  • Fuck the dollar 

  • @MrSmackdown100 the thing is thou if the us does go to war with saudi arabia A. they will never complete capture the region because most Muslims will take up arms and move to that region to fight, B. it will cost more for the US to keep fighting these never ending wars than the profit they would've made from the oil.

  • @MrSmackdown100 if the US did they would be facing a war with all the Arab states, the Arabs may not like Saudi Arabia but they love the holly land mecca the would much rather die than watch the Arabia get invaded and do nothing.

  • @simonsrd100 GOOD QUESTION? BUD WHAT I DO KNOW IS THAT HE WANTED TO NATIONALIZE OIL AND GET RUSSION INVESTORS IN LIBIE AND KICK OUT USA LOL

  • @mike29571 NOT

  • Did Gaddafi threaten to sell oil in Euros rather than in dollars ?.

  • I saw reports & vid documentaries showing the us dollar was going to be replaced in the future with coins already in some production in canada... which will be used in the north american union of mexico, usa and canada. The uk might even adopt the euro to strengthen the currency.

  • @arcanacelestia

    You have to realize that US citizens hold an even BIGGER portion of USD, so if it falls, a large portion of americans will go bankrupt.

  • Countries hold Billions of US Dollars are supporting the value of the US dollar to protect the value of their investment in US Treasury Bonds hahahaha so the USA is ''too big to fail'' hahaha

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