Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Huge Economic Collapse Looming in the US?

Agamemnon · 12-08-2006, 10:06 AM

I've heard about this issue during some economics classes in university, that some countries are interested in switching to the Euro for their 'baseline' trading currencies, and divesting themselves of their dollars. I'm not sure if this is a solely-Looger created notion. I've also heard that if a lot of countries were to do this it would cripple the US currency as there would be a LOT of outstanding dollars in the world held by other countries for sale.

But then, I didn't pay a lot of attention in economics classes (BORING), so I probably don't have a clue.

12-08-2006, 10:06 AM	#4
Agamemnon #1 Goaltender Join Date: Jul 2002 Location: Calgary Exp:	I've heard about this issue during some economics classes in university, that some countries are interested in switching to the Euro for their 'baseline' trading currencies, and divesting themselves of their dollars. I'm not sure if this is a solely-Looger created notion. I've also heard that if a lot of countries were to do this it would cripple the US currency as there would be a LOT of outstanding dollars in the world held by other countries for sale. But then, I didn't pay a lot of attention in economics classes (BORING), so I probably don't have a clue.