Here’s what the death of the petro-dollar means for investments, as well as how to prepare for it…
Editor’s Note: For those new to the concept of the “petro-dollar”, here’s a definition from Jerry Robinson’s website Follow The Money:
All of the OPEC nations had agreed to price their own oil supplies exclusively in U.S. dollars in exchange for weapons and military protection.
This petrodollar system, or more simply known as an “oil for dollars” system, created an immediate artificial demand for U.S. dollars around the globe. And of course, as global oil demand increased, so did the demand for U.S. dollars.
Jerry Robinson, explains why a dollar crash may be imminent, what it will mean for your investments and how to protect yourself.
How Much Longer Can the Petrodollar Survive?