Commodity Trade Mantra

Posts Tagged ‘Petrodollar System’

End of an Era: The Rise and Fall of the Petrodollar System

Similar to the paradigm shift – the transition to the petrodollar system that followed with the collapse of the Bretton Woods system, there is another major shift underway today. We will know its consequences in full, the day oil-producing countries demand gold for their oil, instead of dollars. The Gulf states are seeking measures to reduce their dependence & exposure to the US dollar.

Watch the Petrodollar - Ron Paul

Want to know when the fiat US dollar will collapse? Watch the petrodollar system & the factors affecting it. This is important, because once the dollar loses its coveted reserve status, the consequences will be dire for Americans. It will be the day when oil-producing countries demand gold, or its equivalent, for their oil rather than dollars.

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