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Strategies & Market Trends : True face of China -- A Modern Kaleidoscope
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To: RealMuLan who wrote (12235)10/23/2017 5:55:51 PM
From: zzpat  Read Replies (1) of 12464
 
On a scale of one to ten how serious do you think the petrodollar issue is? Will the US dollar stop being the global currency and if so any idea when this happens?

I say it will happen and it's only a matter of time. One false move on the part of the US and Saudi Arabia throws away the deal Nixon made. Prior to the Nixon deal, our currency was based on gold (from 1944-1973) so it's ironic that Russia and China are trying to return to some sort of gold standard.
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