Saturday, December 8, 2012

When Saudi Arabia Accepts Yuan, it's All Over!

The petrodollar, that is. Listen carefully from minute 40, and Jim Willie lays it out clearly how the fall of the US dollar will happen. As he says (and as us peak-oil crowd have known for years) oil-producing nations are having lower surpluses, because of the double-edged sword of lower yields coupled with higher domestic consumption. Therefore Saudi Arabia will be happy to accept other currencies, including Yuan, Yen,Swiss Francs, Euro, etc. He also says that China and Russia will be the new protectors of SA, and this will start the domino effect of the fall of the fiat system.

Maybe that's why the EE is gearing up to invading Syria in the next few days - same old scenario of starting a (very profitable) war when the financial scam starts to get shaky. It has been this way for hundreds of years, let's hope it doesn't continue for too much longer.

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