End of petro-dollar, end of dollar's reserve status

Message:

Looks like a credible threat to me.

It could explain Obama's lack of response to Putin. It could also explain Putin's aggressiveness.

What it can't explain is why we are fooling around with windmills and solar panels. Commercialize the molten-salt reactor at the earliest possible time.

Published on Zero Hedge (http://www.zerohedge.com)

Home > Blogs > George Washington's blog > Forget Russia Dumping U.S. Treasuries … Here's the REAL Economic Threat

---

Forget Russia Dumping U.S. Treasuries … Here's the REAL Economic Threat

By George Washington

Created 03/21/2014 - 18:33

Veteran Investor Jim Sinclair Says That If Russia Accepts Payment For Oil And Gas In Any Currency Other Than The Dollar – Whether It's Gold, The Euro, The Ruble, The Rupee, Or Anything Else – Then The U.S. Petrodollar System Will Collapse [1]

---

Source URL: http://www.zerohedge.com/contributed/2014-03-21/forget-russia-dumping-us-treasuries-%E2%80%A6-here%E2%80%99s-real-economic-threat

Links:
[1] http://www.washingtonsblog.com/2014/03/forget-treasuries-russias-real-leverage-u-s.html