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The American Empire in a Changing World



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Sunday, March 11, 2012

''Preparing for the Collapse of the Petrodollar System, Part 3''

From FTM Daily
By Jerry Robinson

"By perpetually expanding the U.S. money supply, America's standard of living increases as well. (If this logic does not make sense, be sure to go back and read part one of this series.) The only problem with this situation is that the only way that it can be sustained is if the demand for the dollar and for U.S. debt securities remains consistently strong.

Grasping this last point is extremely important. For if the artificial global dollar demand, made possible by the petrodollar system, were ever to crumble, foreign nations who had formerly found it beneficial to hold U.S. dollars would suddenly find that they no longer needed the massive amounts that they were holding. This massive amount of dollars, which would no longer be useful to foreign nations, would come rushing back to their place of origin… America."


Read Part 3 here...

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