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Where Are We Now?
R.O.W. supports US consuming 5-10% more than we produce
US pays with “paper” money
- So far, R.O.W. wants $USD
- R.O.W. finances our budget deficit
- R.O.W. uses a “dollar” standard
- US$ as reserve instead of gold
- Buy Oil
What if R.O.W. changes it’s mind?