Re:Where has all the money in the world gone?
by excuse-me on Saturday June 23, 2012 @02:55PM
(#4151500)
No it would devalue them by much more
Everyone would stop accepting $ since there was a risk that the government would print 20% next month. The value of the US $ would crash as other countries suddenly stopped accepting it or wanted much more of it to cover the risk - so the price of imports would rise.
The price of oil would soar (in $) or only be available from some markets if you paid in euro/gold.
Everyone would stop accepting $ since there was a risk that the government would print 20% next month. The value of the US $ would crash as other countries suddenly stopped accepting it or wanted much more of it to cover the risk - so the price of imports would rise.
The price of oil would soar (in $) or only be available from some markets if you paid in euro/gold.