| Preparing for the Petrodollar’s Demise |
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Lyn Alden, Michael Oliverand Corwin Coe return as guest on this week’s program.
After President Nixon closed the gold window in 1971, the U.S. dollar retained its value despite massive expenditures undertaken to expand its empire. The dollar retained its value through diplomatic arrangements with Saudi Arabia to force nations around the world to pay for oil imports using U.S. dollars. To enforce the dollar system, the U.S. military was used in countries like Iraq and Libya. Seemingly, the U.S. could issue an infinite amount of debt used to manufacture dollars.
Lyn explains why the petrodollar's days are limited, what that will mean for Americans in general, and how investors should prepare to profit from this knowledge before the dollar's imminent decline. Michael shares his thoughts on the dollar and other key markets at this moment in time and Corwin provides updates on the progress of Sitka’s three gold exploration plays in Canada and the U.S. |
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