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At this point I think they'll strike a deal (Who knows when), but US credit rating will go down because they'll reach an agreement too late (that's pretty bad for US economy). I'm rather puzzled about what currency can replace dollar. Not euro and not yuan definitely, China won't allow it in the near future. I think China will start strengthening its market so they could reduce dependence on US. It will take time but it needs to be done. You can't depend on one economy, especially the one which is governed by irrational, not calm-minded politicians.
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