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Demise of the Petrodollar


 -- Published: Friday, 31 October 2014 | Print  | Disqus 

By Casey Research

Vladimir Putin is stripping America of its superpower status. But he's not using bombs or tanks to do it. He plans to destroy the one thing that underpins demand for the dollar and Americans’ way of life: the petrodollar system. This was the secret pact Kissinger struck in the vast oil rich deserts of Saudi Arabia. America guaranteed to defend Saudi Arabia and the House of Saud in perpetuity if the Saudis would sell oil in dollars. But many countries resent this system, and their leading spokesman is Putin. There’s a new Colder War going on, and it’s threatening the only thing holding America at the top.

Before Putin makes another move, pick up a copy of The Colder War and learn why the stakes have never been higher and why we’ve never been more vulnerable. Because if the petrodollar dies, so does America as a superpower.

The article Demise of the Petrodollar was originally published at caseyresearch.com.

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 -- Published: Friday, 31 October 2014 | E-Mail  | Print  | Source: GoldSeek.com

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