The end of the de facto petrodollar standard has profound and lasting implications for the US dollar, oil, and gold. The US is the epicenter of the global financial crisis and economic downturn, but the US continues to exercise disproportionate control of the oil trade and to enjoy the unique status...
Posted to
Hera
by
Ron Hera
on
Fri, Oct 23 2009
Filed under:
Filed under: Federal reserve, US dollar, Asia, Asian Tigers, USDX, Oil, central banks, G20, BRIC, China, petrodollar, Gold, natural resources, GNX, money supply, WTIC, IMF, OPEC, Bretton Woods