Well recently they seem to have a lot in common. For instance, they dont like American Dollars.
Recently these countrys decided that they dont like American dollars.
They are now only accepting payments in EUROS.
They are converting all their assets in to EUROS.
So what?
The value of currency is directly tied to how widly accepted it is in the world. If our currency is not accepted in a lot of major markets, then it becomes less valuable to people and less reliable as a safe form of wealth and property exchange. If I cannot do business in dollars it becomes less valuable.
Why represent my assets with a weak currency? Anyone will take a EURO but half the world wont take my Dollar. It will no longer be considered a safe trade in exchange for goods and services.
This attempt to de-value the US Dollar is coupled by a huge influx of counterfiet currency from our enemys as well. So now you dont even know if your crappy Dollar is REAL!
If you de-value our currency.
Slowly choke off supply and drive prices up.
Then attack and cause panic in the markets,
Our currency will be undervalued to pay for overpriced supplies that are in HIGH demand!
we will trample ourselves to death trying to get to food and gas and our economy will go into a tale spin.
We are slowly being set up for disaster!
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