JUST IN: Turkey's finance minister says the US dollar has 'lost its credibility'
Source: CNN
So what? Are they gonna go to war with the US? I just read an article about Russia saying the similar thing. The funny thing was though that they had quotes from Russia saying the same thing earlier this year and every year for the past 5 years or so. I don't think this quote from one minister is actually going to mean anything. What are they doing to do about it?
Making a statement about dollar is not a declaration of war.
Unfortunately, after statements and actions re. dollar trade in oil Lybia and Iraq were attacked, their leaders killed.
But that was easy for US to do when such statements were sparce in time, like 1 every 2 years.
Now everyone looks at what China will do with her US treasuries.