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Socio-Economics & History Commentary

Paul Craig Roberts: Is the US or the World Coming to an End?

Shit_Storm

  • Paul Craig Roberts: Is the US or the World Coming to an End? 
    by http://www.paulcraigroberts.org/ 
    It will be one or the other.
    2014 is shaping up as a year of reckoning for the United States.
    Two pressures are building on the US dollar. One pressure comes from the Federal Reserve’s declining ability to rig the price of gold as Western gold supplies shrivel and market knowledge of the Fed’s illegal price rigging spreads. The evidence of massive amounts of naked shorts being dumped into the paper gold futures market at times of day when trading is thin is unequivocal. It has become obvious that the price of gold is being rigged in the futures market in order to protect the dollar’s value from QE.
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    The other pressure arises from the Obama regime’s foolish threats of sanctions on Russia. Other countries are no longer willing to tolerate Washington’s abuse of the world dollar standard. Washington uses the dollar-based international payments system to inflict damage on the economies of countries that resist Washington’s political hegemony.
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    Russia and China have had enough. As I have reported and as Peter Koenig reports here :
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    http://www.informationclearinghouse.info/article38165.htm
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    Russia and China are disconnecting their international trade from the dollar. Henceforth, Russia will conduct its trade, including the sale of oil and natural gas to Europe, in rubles and in the currencies of its BRICS partners.
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    This means a big drop in the demand for US dollars and a corresponding drop in the dollar’s exchange value.
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    As John Williams (shadowstats.com) has made clear, the US economy has not recovered from the downturn in 2008 and has weakened further. The vast majority of the US population is hard pressed from the lack of income growth for years. As the US is now an import-dependent economy, a drop in the dollar’s value will raise US prices and push living standards lower.
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    All evidence points to US economic failure in 2014, and that is the conclusion of John Williams’ April 9 report.
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    This year could also see the breakup of NATO and even the EU. Washington’s reckless coup in Ukraine and threat of sanctions against Russia have pushed its NATO puppet states onto dangerous ground. Washington misjudged the reaction in Ukraine to its overthrow of the elected democratic government and imposition of a stooge government. Crimea quickly departed Ukraine and rejoined Russia. Other former Russian territories in Ukraine might soon follow. Protesters in Lugansk, Donetsk, and Kharkov are demanding their own referendums. Protesters have declared the Donetsk People’s Republic and Kharkov People’s Republic. Washington’s stooge government in Kiev has threatened to put the protests down with violence. http://rt.com/news/eastern-ukraine-violence-threats-405/ Washington claims that the protests are organized by Russia, but no one believes Washington, not even its Ukrainian stooges.
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    Russian news reports have identified US mercenaries among the Kiev force that has been sent to put down the separatists in eastern Ukraine. A member of the right-wing, neo-Nazi Fatherland Party in the Kiev parliament has called for shooting the protesters dead.
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    Violence against the protesters is likely to bring in the Russian Army and result in the return to Russia of its former territories in Eastern Ukraine that were attached to Ukraine by the Soviet Communist Party.
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    With Washington out on a limb issuing threats hand over fist, Washington is pushing Europe into two highly undesirable confrontations. Europeans do not want a war with Russia over Washington’s coup in Kiev, and Europeans understand that any real sanctions on Russia, if observed, would do far more damage to Europeans. Within the EU, growing economic inequality among the countries, high unemployment, and stringent economic austerity imposed on poorer members have produced enormous strains. Europeans are in no mood to bear the brunt of a Washington-orchestrated conflict with Russia. While Washington presents Europe with war and sacrifice, Russia and China offer trade and friendship. Washington will do its best to keep European politicians bought-and-paid-for and in line with Washington’s policies, but the downside for Europe of going along with Washington is now much larger.
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    read more!

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April 11, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Jim Willie: US Dollar Funeral At Hand !

Storm Hurricane_Sandy_threatening_NewYork_Oct2012- storm

  • Jim Willie: US Dollar Funeral At Hand! 
    by http://www.silverdoctors.com/
    Summary
    A global clash of nations is underway in full gear.   The time is finally right. The urgency is acute.
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    The banking system insolvency is widespread. The illiquidity has reached the surface. The geopolitical chessboard has busy movements of many pieces, even with a delayed check in Ukraine after a devious capture of the Cyprus castle but not the Syrian knight. The Saudi support via OPEC for the Petro-Dollar has fallen out of view, dragging its pummeled chin on the desert sands. The Eastern superpowers are marching arm in arm, ready to challenge the West. It seems the Western leaders, in particular the robot sock puppets of the Untied States, see the end of the USDollar. They appear to wish to lay blame on Russia for the death of the dollar.
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    The global rejection began with the Iran sanction workarounds, where India bought Iran’s oil & gas, but paid with Turkish gold, delivered to Tehran banks. The global rejection will achieve escape velocity with the acceptance of Russian Rubles for its energy products. The global rejection will achieve additional escape velocity with the acceptance of Chinese Yuan payments for Saudi crude oil (then all OPEC oil).
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    Coming is the launch of both the gold-backed Russian Ruble and the gold-backed Chinese Yuan. The global rejection will be final, and the funeral will be announced. 
    =========================================
    By Jim WillieGoldenJackass.com
    A global clash of nations is underway in full gear. The storm is picking up speed, power, intensity, and damaging force. Many are the swirls of the current situation. A hodgepodge of topics have been caught and trapped, best to discharge on paper, the effect like a wondrous enema. The banker lies grow thicker, as they are unable to so easily deceive anymore. The potential currency fix appears more imminent, as the solution seen as an assault on American interests (military angle).
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    Any nation getting off the US Wagon Train is a rogue nation, the theme having become tired and ineffective. The fatal errors committed by the US economists and banker elite have finally resulted in clear signs of systemic failure. The psychological warfare is like a gigantic fog, as people’s defenses are being challenged, even those based in fantasy and convenience. The world is undergoing change, the nightmare continues, while the Paradigm Shift moves into the fast lane by expedience. Entire swaths of wealth are being waterlogged, tainted, and ruined.
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    The USDollar has been stuck in the corner for three years, finally pushed into the corner crack, sure to fall below the matt, where below lies a spittoon. The Hat Trick Letter informs and warns the public, converts the disheartened and confused among us, edifies clients, and provides forecasts like signposts to guide in the increasing fascist darkness. At the same time, it seems to drive families crazy, since when attempting to admonish and caution, the efforts are often seen as uncomfortable overturning of the temple tables (business and mental). So be it. Forewarned is forearmed, but many prefer their delusions and homes built upon false assumptions. The Jackass prefers reality accountable to the flow of events and verified facts, where actions can be taken in defense of livelihood and even life savings. The clash of worlds must be reported and properly understood.
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    CENTRAL BANKER LIARS
    Newly appointed USFed Chair Janet Yellen has wasted no time in her stream of lies. The crime syndicate headquarters talks of  tapering the bond monetization volume. As preface, be sure to know that unsterilized bond purchases, introduction of newly printed money without drainage in similar volume steps, has been considered the ultimate heretical practice for decades by the Economist Schools. It is called the greatest monetary sin, but now is blessed as a solution, perhaps no longer temporary. The Yellen Fed talks repeatedly about poor economic conditions, about weak bank structures, about punky labor markets, but also about improving something or other, while it speaks lies in great strokes. The financial circles applaud, while the business community languishes. They talk of reductions in the QE volumes, but they use back doors and proxies, hardly out of view. Yellen moved to the U6 jobless rate index, shoving the deceptive Clinton U3 jobless rate in the toilet. The USFed now has employed the Belgian bank as the new Caribbean offshore site. Its USTreasury Bond holdings are moving toward the $200 billion level. Recall this little turd on the economic table has no surplus and barely has an economy at all outside the finance sector. It operates as a parliament center and commission home office for pedafiles. The other deceptive tools used by the Yellen Fed are the same as those used by the Bernanke Fed, the powerful interest rate swap derivative. It produces leveraged phony demand without buyers, thus creates bond rallies out of thin air. Several banker murders were done to conceal the London Whale losses, estimated over $100 billion in the derivatives market. The story remains suppressed.
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    read more!

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April 10, 2014 Posted by | Economics, Social Trends, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 2 Comments

Charles Goyette: Ukraine May Accelerate PetroDollar’s Death!

April 10, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , | Leave a comment

Dr. Jim Willie: U.S. Economy on Brink of Systemic Failure!

  • Published on Apr 7, 2014
    IN THIS INTERVIEW:

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    - Japanese economic collapse ahead ►1:13
    - Former Bank of Japan Governor says Japan’s QE is ineffective at helping economy.** What about the Federal Reserve’s QE? ►4:40
    - Russia to stop trading in U.S. dollar; petrodollar system is ending ►8:44
    - How will the average American be affected by the collapse of the petrodollar system – possible hyperinflation in U.S. ►15:19
    - Is it too late to prepare? ►24:56
    Jim Willie online ►http://GoldenJackass.com 

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April 10, 2014 Posted by | Economics, Social Trends, GeoPolitics | , , , , , , , , , , , , , , , , , , , , | Leave a comment

Collapse Of The United States & A New Economic World Order!

petrodollar_burning

  • Collapse Of The United States & A New Economic World Order! 
    by http://www.kingworldnews.com
    On the heels of continued uncertainty around the globe, today an acclaimed money manager told King World News that a “New Economic World Order” threatens to collapse U.S. supremacy and the dollar.  Stephen Leeb also spoke about how this will have a powerful impact on the gold market in this fascinating interview.
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    Leeb:
    “Eric, last week we spoke about the threat being posed by Russia, China, and the various BRIC nations, against the dominance of the U.S. dollar as the world’s reserve currency.  But if you look at the history of people who have challenged oil being priced in dollars, what happened is the U.S. has militarily wiped them off the face of the Earth….

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    read more!

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April 9, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , | Leave a comment

Dr. Paul Craig Roberts: Gold and The Dollar Are In A Fight to the Death!

  • Dr. Paul Craig Roberts: Gold and The Dollar Are In A Fight to the Death! 
    by Greg Hunter’s USAWatchdog.com 
    Former Assistant Treasury Secretary, Dr. Paul Craig Roberts, says, “Gold and the dollar are in a fight to the death.”  Dr. Roberts explains, “The Fed, in order to save a handful of banks too big to fail that are the mindless deregulation of the 21st century, the Fed has had to create a tremendous number of new dollars.  The United States has never experienced anything like the creation of new money it has issued from quantitative easing, which is now multi-years old.  Because the dollar has been the world reserve currency since the end of WWII, countries all over earth have huge stocks of dollars.  It’s not just countries or central banks, but companies and   individuals.  As people view their holdings, an enormous supply of dollars in light of this extraordinary printing of new money by the Fed, they get nervous.  They say ‘I should lighten up my holdings of dollars and get into something else.  Maybe I should get into gold or foreign currency.’  So, this puts pressure on the dollar’s exchange value.  The first way that pressure manifested itself was the rising price of gold.  Despite the fact the price of gold has been pushed down since 2011, it still has about the highest rate of return of just about anything in the 21st century.   The Federal Reserve, in order to protect quantitative easing which is necessary to save the banks, began manipulating the gold price in a new and more intense way.  They used their bullion banks to short the gold in the COMEX futures market.  The trouble with this policy is that it’s been going on long enough that it’s being recognized by people who formerly thought ‘the Federal Reserve would never do anything like that.’  Of course they would, and people are catching on.”
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    Dr. Roberts goes on to say, “Another factor is central banks such as China and Russia are purchasing more and more gold. . . . So, what is happening is the actual physical quantity of gold is moving out to Asia in such large quantities that supply in the West to meet purchases is diminished dramatically.  This is starting to bite on the ability of the Federal Reserve of this sort of operation of rigging the gold price. . . . So, it looks like the Fed could be running out of the ability to continue this policy, in which case it will be bad news for the dollar.”  So, is the Fed losing the fight to the death between gold and the dollar?  Dr. Roberts says, “They are not losing right now, but they’re running out of bullets; but the Chinese and the Russians are not running out of dollars in which to buy gold.  The Fed is running out of gold in which to make these deliveries.”
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    What happens when physical gold can no longer be delivered to buyers?  Roberts predicts, “The gold price would skyrocket.”  Dr. Roberts doesn’t give the timing for physical non-delivery of gold.  He does point out, “The fact they are having now to use naked shorts in the futures market, paper gold, implies they don’t have enough real physical gold to suppress the price any longer. So, they have to take it to the futures market where they can do it with purely paper contracts. . . . Yes, the possibility of not being able, at some point, to make delivery is real.  Of course, that then would cause all confidence to be lost certainly in the dollar.” 
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    read more!

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April 9, 2014 Posted by | Economics | , , , , , , , , , , , , , , , , | 1 Comment

Russia’s Gazprom Plans to Sell Gas for Rubles!

http://en.itar-tass.com/economy/726785

Click on image to goto website!

  • Watch the war drums beat louder and louder! The western Illuminati will ratchet up their war propaganda against Russia and China. They will not allow anyone to threaten their global monetary hegemony, their world reserve currency: the dollar! They will attempt to start their Satanic World War 3!
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  • My understanding is that both Russia and China will not back down. They know war is coming, it is inevitable. The only way for them to cripple the war machine of the western Illuminati is to destroy the source of financing: the dollar. The western Illuminist banksters create trillions of dollars out of thin air to finance their wars of aggression, MIC, destabilization of nations, economic warfare, foment unrest/riots, manipulate prices, finance terrorism …. buy up the world.
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  • By selling gas in Ruble, Russia has effectively destroyed Wall Street’s ability to currency wage war against Russia. Because buyers will no longer need USD but need Ruble. Ie. demand for USD will decline and demand for Ruble will rise. There will not be any need for buyers (countries) to hold US Treasuries or USD to do business with Russia. Effectively, it is telling the western Illuminist banksters to piss off.
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  • It also implies that the Russians are prepared to dump the SWIFT system and use their own system (the long rumoured Gold Trade Settlement system by the China, Russia and the BRICS …. ).
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  • The end of the western Illuminati’s global monetary, economic and financial hegemony is near! So is World War 3!

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April 9, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Putin Sends the West a Golden Message: Central Bank of Russia Changes Logo to Golden Ruble!

Russia-gold

  • Putin Sends the West a Golden Message: Central Bank of Russia Changes Logo to Golden Ruble! 
    by http://www.silverdoctors.com/ 
    According to reports from Russian media, Putin appears to have sent the west a golden message in the aftermath of JPMorgan unilaterally deciding to block an official Russian wire transfer, as the Central Bank of Russia has introduced a new logo, which just happens to be a gold ruble.
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    Officials stated on the new logo: Golden Badge of the Russian national currency, officially adopted by the Central Bank of Russia, will symbolize a sign of stability and security of the ruble gold reserves of the country.
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    Strangely, there is no mention yet on Bloomberg, CNBC, or Yahoo Finance… shocking right?

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    read more!

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April 8, 2014 Posted by | Economics | , | 1 Comment

End of U.S. Dollar & Collapse of Civilization as We Know It | James Corbett

  • Published on Mar 31, 2014
    IN THIS INTERVIEW:

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    - Emergence of “global hegemony” ►1:12
    - U.S. or Europe unlikely to announce significant sanctions on Russia ►6:15
    - End of U.S. Dollar and collapse of civilization as we know it ►8:27
    - Is Your 401k/IRA Safe? ►10:23
    - The corporate and banking interests capitalizing on coming crisis ►17:43
    - Our civilization is being “held hostage” by the banks; how do we get free? ►22:00
    - IRS announces Bitcoin “property” tax (http://1.usa.gov/1jRZHUL) ►28:04
    - Stand up now because “the future of humanity is hanging in the balance” ►31:10 

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April 8, 2014 Posted by | Economics, Social Trends, GeoPolitics | , , , , , , , , , , , , , , , , , , | Leave a comment

Russian Lawmakers Call on Oil and Gas Producers to Ditch ‘Dirty, Bloody Dollar’!

http://rt.com/politics/russian-dollar-abandon-parliament-085/

Click on image for article!

April 8, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , | Leave a comment

Jim Rickards: End Of The International Monetary System Is Imminent !

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April 7, 2014 Posted by | Economics | , , , , , , , , , , | 1 Comment

Keiser Report: Institutionalized Stealing!

  • Published on Apr 5, 2014
    In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss high frequency fraud, picking prices and then filling in the trades to get to that price. In the second half, is the second half of Max’s interview with Jim Rickards about his new book, The Death of Money. In this second half, they talk more about mutually assured financial destruction, the US dollar and the danger of insolvency.

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April 7, 2014 Posted by | Economics | , , , , , , , , , , , , | 1 Comment

US COLLAPSE Critical Alert! Dollar Crash has Begun!

April 7, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , | Leave a comment

Moscow, Beijing Taking on the Dollar!

http://voiceofrussia.com/2013_07_26/Moscow-Beijing-taking-on-the-dollar-5431/

Click on image for article!

April 7, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | Leave a comment

Timing the Collapse: Ron Paul Says Watch the Petrodollar!

PetroDollar_Scam_Breaking_Down

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  • As the dollar dies, the war drums will be beating louder and louder! Observe the news in the MSM. The western Illuminati will paint the west as victims reacting to the aggressive actions of their targeted enemies: Russia, China, Iran … etc.
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  • The western Illuminati will deceive their own sheeple into war against these nations for the purpose of preserving their global monetary, financial and economic hegemony! The sheeple are dumb as a door post. They are naïve, gullible, easily deceived useful idiots complicit in their own destruction and the destruction of others!
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  • Timing the Collapse: Ron Paul Says Watch the Petrodollar! 
    by Nick Giambruno, http://www.internationalman.com/
    “The chaos that one day will ensue from our 35-year experiment with worldwide fiat money will require a return to money of real value. We will know that day is approaching when oil-producing countries demand gold, or its equivalent, for their oil rather than dollars or euros. The sooner the better.” (emphasis mine)
    ~ Ron Paul
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    What Ron Paul is referring to here is the petrodollar system. It’s one of the main pillars that’s been holding up the US dollar’s status as the world’s premier reserve currency since the breakdown of Bretton Woods.
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    Paul is essentially saying that, if we want to better understand the answer to the elusive question of “When will the fiat US dollar collapse?“, we have to watch the petrodollar system and the factors affecting it.
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    At the recent Casey Research Summit, I had the chance to speak extensively with Dr. Paul on this subject, and he told me that he stands by his assessment.
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    I believe this is critically important, because once the dollar loses this coveted status, the window of opportunity to take preventative action will definitively shut for Americans.
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    At that moment, I believe the US government will become sufficiently desperate and implement the destructive measures that governments throughout the world and throughout history have all taken (overt capital controls, wealth confiscations, people controls, price and wage controls, pension nationalizations, etc.)
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    But it’s not just the financial implications that need to be considered. The destruction of the dollar is going to wipe out the wealth of a lot people, and that will cause political and social consequences that will likely be worse than the financial consequences.
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    The three points to understand here are:
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    1.
    You absolutely must be internationalized before the US dollar loses its status as the premier reserve currency. Internationalization is your ultimate insurance policy.
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    2.
    The US dollar’s status as the premier reserve currency is tied to the petrodollar system.
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    3.
    The sustainability of the petrodollar system is linked to Middle East geopolitics. Having lived and worked in the Middle East for a number of years, this is a topic I know a thing or two about.
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    From Bretton Woods to the Petrodollar
    The dollar’s role as the world’s premier reserve currency was established in 1944 by the Allied powers in what was known as the Bretton Woods international monetary system.
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    Being victorious in WWII and possessing the overwhelmingly largest gold reserves in the world (around 20,000 tonnes) allowed the US to reconstruct the global monetary system with the dollar at its center.
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    read more!

ww3_countdown_begins_now

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April 7, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , | 2 Comments

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