The Decline of the Petrodollar

“The most interesting part of all of this isn’t what Russia is doing … it’s how America is responding.  The White House and many of our Senators have gone into panic mode. They’re anxiously trying to block the Iranian transaction by threatening — yes, as ignorant as it is — more sanctions. Recent headlines also report that ‘U.S. has conveyed concerns to Iranian government through all channels.’  Why is that?  Why would the U.S. care about an oil trade that represents just 0.5% of all the oil that’s consumed in a given day?  Because it exposes America’s single greatest weakness — a weakness that, if truly exploited, would bring down our country.”

http://thesovereigninvestor.com/2014/04/10/decline-petrodollar/

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