By Jim Willie
"TEETERING PETRO-DOLLAR STANDARD
The Iran sanctions have undercut the USDollar more than any other single item. The Petro-Dollar is at risk. Many times in my articles, a warning has been scribed that the Dollar Kill Switch is ready on the wall, fully constructed, awaiting word to flip the switch. Someday in the not too distant future, the Saudis will announce acceptance of non-US$ payments. They have already made the supporting decisions toward this highly important step, related to Persian Gulf security enforcement.
GLOBAL USDOLLAR REVOLT
The developing nations of the world are in revolt against the USDollar. They see no future in holding US$-based bonds in reserve. They see no future in accepting US$ payments for their raw commodities and finished products. The secondary central banks of the world are increasingly stocking up on gold bullion and less on USTBonds." read more
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