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<p>[QUOTE=&quot;Merc Crazy, post: 1018932, member: 27417&quot;]Allow me to simply interject that the USD retains some semblance of importance due to agreements with several OPEC countries that require they price their oil for international sales in USD.&nbsp; Countries can buy our debt, priced in dollars, and can (Not that they do, but they can...) exchange that debt for oil.</p><p><br /></p><p>The dollar is backed by oil, and we use our military to keep it that way.&nbsp; Iraq switched over to pricing their oil in Euros in 2000.&nbsp; Three years later, we occupied their country, and the new leadership prices their oil in USD.&nbsp; The other major oil producers that price in Euros?&nbsp; Venezuela and Iran, both countries that could be said to have increasing tensions with the US.[/QUOTE]</p><p><br /></p>

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