Dr. Jim Willie: Putin, the Gulf Emirates, Iran, and Saudi Arabia Make Plans For Death of US Dollar
BY VOICE OF REASON
THELASTGREATSTAND.COM
MONDAY, MARCH 21ST, 2016
In the following video, Dr. Jim Willie is the guest on Wall Street for Main Street, and as always, Dr. Willie does not disappoint. To open the interview, the topic of discussion begins with a secret meeting recently held between Russia and a Saudi Prince which was conducted to discuss the formation of a new oil cartel that will consist primarily of the Gulf Emirates, Iran and Russia. If you haven’t noticed, just about every interview with Dr. Willie focuses on the oil market in some way, and for obvious reasons. The world revolves around oil. The cartel’s purpose will be be to finalize the elimination of the US Dollar PetroDollar as the World Reserve Currency, and to accomplish that by bypassing OPEC all together, and establishing better controls on the price of oil. That is why the focus of the article after the interview is on precious metals, particularly silver, as a hedge for when the “King Dollar” finally dies… and it’s coming… soon!
Currently, now that sanctions have been lifted, Iran is allowed to produce 500,000 barrels of oil per day, and that number goes up to 1,000,000 barrels per day in another three months. Another purpose of the meeting held by Russia and Saudi Prince was to facilitate a way to increase Iran’s market share in this new oil cartel. Presumably, the Gulf Emirates would have to give up some of their share, but if the parties involved essentially become able to bypass OPEC, the decline in market share would still lead to more profits for the Gulf Emirates, thereby making the alliance worth while.
The Rest…HERE
