Saturday, September 29, 2012

Dollar Death Throes

It was never about Iran's nuclear weapons (obviously). It's about dollar hegemony and the threat of Iran and its oil bourse leaving the petro-dollar behind. Now with Saudi signing deals with China in yuan, and the NAM backing Iran over Western sanctions, along with a host of other important events, we are clearly seeing the beginning of the end for the dollar. That is why this period in history is so dangerous, especially with loose cannons like Netanyahu and his infantile cartoon at the UN. Here is Jim Willie's latest piece, spelling out once again the real geopolitics:

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