is this the end of the petrodollar?

[Large Sarge]

http://networkedblogs.com/DXWsk

[mamboni]

http://networkedblogs.com/DXWsk

Video won't play - just makes my hard drive go bonkers with cookies.

What does it say?

[Large Sarge]

covers all 11 trade agreements china has established with other nations, bypassing the dollar for oil

and states china is building the worlds largest oil refinery in S. Arabia, hint hint on what currency saudi will use in the future for oil.....

pretty compelling info


after the election I think all hell will break loose in the metals market, and the dollar/oil

just have enough duct tape to keep this thing together for another week and a half

[mamboni]

covers all 11 trade agreements china has established with other nations, bypassing the dollar for oil

and states china is building the worlds largest oil refinery in S. Arabia, hint hint on what currency saudi will use in the future for oil.....

pretty compelling info


after the election I think all hell will break loose in the metals market, and the dollar/oil

just have enough duct tape to keep this thing together for another week and a half

Thanks Sarge. Let's face facts: China will be the next dominant superpower and number 1 oil and gasoline consumer. The US petrodollar standard is ergo living on borrowed time. When we lose the petrodollar status, the reserve currency status will very quickly fade away within weeks or months and goodby American standard of living and hello general poverty, starvation, and civil unrest.

[VX1]

Here ya go, doc. "Reality Check" is always good stuff.


http://www.youtube.com/watch?v=K9VLp0FcJ6I&feature=player_embedded

[Ponce]

The "petro-dollar" is alive only beause of all the tubes going into its veins....... they are keeping it alive by force...... how stupit do they think that we are?

[Horn]

Lots of good threads today folks, appreciate your time.