The World Slowly Waves “Good-Bye” To The Petro-Dollar

Thursday, April 3, 2014
By Paul Martin
April 3, 2014

It has been the global use of the dollar to settle all OPEC oil trades using the U.S. dollar that has kept the dollar from losing its reserve status ever since Nixon closed the gold window in 1971. Essentially this factor has kept the dollar propped up for a lot longer than it should have been.
By imposing its imperialistic will on the rest of the world, the U.S. is undermining its sole source of power – the reserve status of the U.S. dollar.

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