Planned self implosion of The Fiat currency.
Since 1971, the Dollar has been called The Petro Dollar for a reason. Soon some countries will have Gold backed currencies like The Russian Ruble. Think BRIC ( Brazil, Russia, India,China ) If you shut off our oil production and drain our our oil reserves, the value of the dollar will decrease. Interesting situation as we head into Summer and then into Fall, especially with rising interest rates.
Planned self implosion of The Fiat currency.
Since 1971, the Dollar has been called The Petro Dollar for a reason. Soon some countries will have Gold backed currencies like The Russian Ruble. Think BRIC ( Brazil, Russia, India,China ) If you shut off our oil production and drain our our oil reserves, the value of the dollar will decrease. Interesting situation as we head into Summer and then into Fall.
Planned self implosion of The Fiat currency.
Since 1971, the Dollar has been called The Petro Dollar for a reason. Soon some countries will have Gold backed currencies like The Russian Ruble. If you shut off our oil production and drain our our oil reserves, the value of the dollar will decrease. Interesting situation as we head into Summer and then into Fall.