WILLIAM F. ENGNDAHL: How Much Longer Can the Dollar Remain The World’s Reserve Currency?

WILLIAM F. ENGNDAHL: How Much Longer Can the Dollar Remain The World’s Reserve Currency?

Posted By: IZAKOVIC
Date: Friday, 11-Sep-2015 09:22:54

Jay Taylor Media
Published time: 9 September, 2015

The underlying need for the U.S. and the NATO forces to engage in continuous wars is directly related to the need to maintain the U.S. dollar as the world’s reserve currency. That’s because since 1971 the dollar derives its value not from market forces but from U.S. geopolitical and military control used to force countries to pay for oil in dollars. But now, this counterfeiting process which provides a tremendous military and trade advantage to the U.S. is being challenged by China and Russia. How much longer can the petrodollar system remain? If it breaks down, what will be the repercussions for world markets, not the least of which is honest money, namely gold?...

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IZAKOVIC 

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