Loose talk?
Answers:0 | LastUpdateAt:2012-08-08 04:32:02
Question- venkateshwar reddy
- Asked at 2012-08-08 04:32:02
First thing this morning I heard a high-profile American politician to utter words, if not exactly matching , I think that's close enough, and with the same meaning as follows . -
"as long as countries are stupid enough to trade paper is good for us" I think it's fair to assume he meant "petrodollars " .
With U.S. debt rising and looming recession , where we say that this leaves due to them , and others who are to hold a lot of these " pieces of paper " that others might call " currency reserve " for future purchases?
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Question:Loose talk?
