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
I've been reading a lot of great pieces on whether or not the commodity bull market has come to an end. Here are links to some of my favorite writers: Peter Schiff (Bull) Jim Rogers (Bull) Gary North (Bear) Marc Faber (Bear) If I had to throw my hat in the ring, I'd side with Peter Schiff and...