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Creating a new Currency

The David McWilliams Podcast

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Brazil Is Not a Serious Country, Right?

Brazil and Argentina are trying to wean themselves off the addiction of the dollar. They want a currency that reflects their economic strength, which is quite significant. The dilemma is having a single currency in countries that don't trade with each other. But joining the dollar would be highly politically inappropriate because it would mean they're basically in the American worldview as members of the EU.

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