USD = Dead Man Walking

A report in the independent yesterday claim that the oil producing gulf states, Japan, china, Russia discuss nixing dollar. Instead they are discussing a basket of currencies and gold to conduct international trade.

As soon as the story broke denials from the Saudis and Chinese followed . Of course they did. The denial is the confirmation from my perspective.
These countries have discussed this for decades. The last year has changed a lot in the world and the world is tiring of paying our way in the world.

The Saudis run opec, and they are a strong us ally. It is marriage of convenience, we prop up their brutal regime with military assistance and they provide us with oil. They Saudis don’t like us, and if they could ditch us they would.

Thanx to our Afghanistan myopia they see something they could not have imagined a decade ago – the fall of American empire in the sands of central Asia, buried next to the soldiers of Alexander the Great, the Turks, Mongols, British and Soviets.

Of course countries want to ditch the dollar – the signs are all around and pointing to any one story and it validity is ridicules. The US federal government through the fed reserve is robbing the people of the world through inflation. Our standard of living rests squarely on the fact that we can print dollars to support a trade deficient. That disappears and all of sudden Mexican citizens have no reason for traveling north.