Jim Rickards: September 4, 2016 an Important (RIP) Day for the Death of Petrodollar?
- Jim Rickards: September 4, 2016 an Important (RIP) Day for the Petrodollar?
This is a brief news note. It looks like Jim Rickards has provided us a new date to keep an eye on. In his Strategic Intelligence newsletter, he says that the upcoming G20 meeting in September will start the beginning of the end for the petrodollar.
The Strategic Intelligence newsletter is a paid subscription service, but the twitter comments pasted in below give us an idea what Jim thinks on this and show that he believes that China will be making some interesting moves at the G20 meeting to be held there this fall.
I also got an email recently from Willem Middelkoop to let me know he is in China right now and will soon have out a new essay on SDR substitution at the IMF. Looks like some interesting news may be coming up soon and we will watch for it here.
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