The Mudcat Café TM
Thread #139355   Message #3196833
Posted By: olddude
27-Jul-11 - 05:25 PM
Thread Name: BS: The Republican Default Crises
Subject: RE: BS: The Republican Default Crises
It will be a world wide shit storm if they default ... Not just for this country. All oil exports to all countries is US dollar based. It is the world standard of currency much like the Spanish piece of eight was. I suspect we will lose a heck of a lot more than just political fights and parties.