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| quote: | Originally posted by drgoodvibe
conspiracy theory #1 .. middle eastern countries want to start priceing barrels of oil in EURO rather then Dollars... The dollar would collapse overnight. There is a reason why the U.S dollar is also called the Petrodollar.
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At the current time and in the near future this would be unfeasible due to the lack of Euros in circulation around the world. I read *somewhere* that European mints would have to produce bills nonstop for 5 years just to increase the amount of Euros in circulation to a level sufficient to support pricing Oil in Euros.
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