Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Stock Review : Markets : News Wire : Quotes : Radio : Silver : Stocks - Main 
  
 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Gold Seeker Closing Report: Gold and Silver Fall With Stocks and Dollar
By: Chris Mullen, Gold-Seeker.com

Brazil Resources completes final milestone payments for the Cachoeira Gold Project and provides an update on Brazilian gold projects
By: Brazil Resources Inc.

What Blows Up First, Part 3: Really, Deutsche Bank?
By: John Rubino

Is Stockman Right? Is This The Big One?
By: Andrew Hoffman

SWOT Analysis: Notes from the Denver Gold Forum
By: Frank Holmes

GoldSeek.com Radio: Gerald Celente and Nick Barisheff, and your host Chris Waltzek
By: radio.GoldSeek.com

Will Deutsche Bank's Collapse Be Worse Than Lehman Brothers?
By: Graham Summers

Gold’s Moving Averages and Long-Term Outlook
By: Przemyslaw Radomski, CFA

Pushing On A String
By: Captain Hook

BoJ, FOMC and Where to Now?
By: Gary Tanashian

 
Search

GoldSeek Web

 
Why the Dam is Finally Breaking on the US Dollar



-- Posted Thursday, 23 August 2012 | | Disqus

Maybe Iran wants a bomb. Maybe not.

But blocking it out of the SWIFT system, in other words cutting it off from using the US dollar for its oil trades (among other things) because we suspect it does, simply meant that countries that still want to trade with Iran and which are not beholden to our political whim, have found ways of doing business without a dollar in sight.

That was a reckless decision at best. It opens the door to alternatives... alternatives that Russia, China and India – all major dollar holders – may just like better.

As Doug explains, it may be a step toward a return to a gold-based monetary system, something we've discussed many times in the past.

Watch Doug's illuminating interview with Border Gold's Michael Levy.


-- Posted Thursday, 23 August 2012 | Digg This Article | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2016



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.