Sponsored: Prepare For The Storm With MyPatriotSupply's Emergency Food Kits Today - Get The Best Deal Here


old eternal affairs truth media header banner

Ron Paul Pointed Out One Thing That Would Precipitate US Dollar Collapse & Its About To Happen

ronpaul-com

In 2006, Ron Paul pointed out the one thing that would precipitate the US dollar’s collapse. Now that one thing is about to happen.

ronpaul-com
PHOTO CREDIT: ronpaul.com

 

Here’s the most important part:

The economic law that honest exchange demands only things of real value as currency cannot be repealed. The chaos that one day will ensue from our 35-year experiment with worldwide fiat money will require a return to money of real value. We will know that day is approaching when oil-producing countries demand gold, or its equivalent, for their oil rather than dollars or euros.

The sooner the better.

In other words, we’ll know the dollar-centric monetary system is about to end when countries start trading oil for gold or its equivalent… not dollars.

Now—thanks to China—that’s about to happen in a very big way.

China recently announced a mechanism that will make it possible to trade oil for gold on a large scale for the first time in many decades.

This mechanism could undermine the petrodollar system—the system that’s supported the US dollar as the top global currency since the 1970s.

I call it China’s “Golden Alternative” to the petrodollar.

Why the US Dollar Is So Special
The petrodollar system is the big reason the US dollar is so unique. Here’s how it works…

Oil is by far the largest and most strategic commodity market in the world. And, until recently, virtually anyone who wanted to import oil needed US dollars to pay for it.

Every country needs oil. And if foreign countries need US dollars to buy oil, they have a very compelling reason to hold large dollar reserves.

This creates a huge artificial market for US dollars. It also gives a tremendous boost to anyone who lives in the US or holds US dollars.

The petrodollar system is the reason foreign countries keep such large US dollar reserves.

Now China is set to hit the petrodollar with a mortal blow…

China’s Golden Alternative to the Petrodollar ~ Read More Here!


Truth Premium
CLICK HERE -->I Want Truth Premium

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments


Please use the buttons to TWEET & SHARE this valuable content ... then leave your thoughts & feelings in the COMMENT SECTION ... finally If you haven't joined TRUTH PREMIUM, what are you waiting for?