DEATH OF PETRO-DOLLAR
The death of the Petro-Dollar was written when the USFed announced Quantitative Easing and the uncontrolled spew of bond purchases. The central bank monetary policy to debase the USDollar forced Eastern nations to begin diversification plans out of the USTreasury Bonds held in banking reserves. They suddenly become toxic, falling in value, or propped in value by the Weimar press managed in New York. The death of the Petro-Dollar was confirmed when the Saudis ousted Mohamed Morsi from the US designed throne in Cairo Egypt. One must wonder what early assurance China had given to Riyadh Royals in order for the Saudis to pump $6 billion into the Egyptian coffers, alongside certain other Persian Gulf participation. The death of the Petro-Dollar was given a hidden eulogy in Beijing when Xi and Salman worked out numerous supporting deals to lay the foundation for a decade of union. The death of the Petro-Dollar will cause unprecedented ripple effects across the Western world. It is coming. It will shake the world.
Obviously, at some point in the near future, all of these pressures on the petro-dollar will begin to extract their toll. When that happens, silver and gold will begin to rise (like they have today, for example) with not much outward cause save the undertow that the dollar is experiencing.