2 oz BU - Petro Yuan *Death of the Dollar*

“Petro Yuan” is the seventeenth release in the successful “Death of the Dollar” series.

The US dollar’s dominance of the global economy resulted from a post-World War 2 world where the United States was essentially the last industrially developed nation standing. All the other economically developed competitors were essentially burned, bombed, and nuked to the ground.

The dollar rose to power because it was viewed as “good as gold” since the United States had the largest deposits of gold in the world, in Fort Knox, Kentucky. This, coupled with America’s industrial and military might, paved the way for our corporations to dominate international trade.

Eventually, the world woke up to the realization that the dollar was NOT “good as gold” as it watched the US dive headlong into deficit spending through its Guns and Butter Programs. Nations like France traded their US dollars for gold until Nixon closed the international gold window in 1971.

This eventually gave rise to Petro Dollar scheme that would force all nations to hold dollars in order to be able to buy oil on the global markets. This has been the de facto backing of the dollar since 1971. Any nation that dared challenge this Petro Dollar would be assured of regime change as we saw in Iraq when Saddam sold oil for Euros and Libya with the Gold Dinar standard.

Now a more formidable alliance seeks to upset the current world order. China, along with Russia, Iran, India, and Venezuela, are moving to de-dollarize their economies.

China is going one step further and establishing their own “Petro Yuan” standard that would eliminate their need to hold dollars for oil. And they are making this product convertible into GOLD!

All of this portends the end of the US dollar and makes it more imperative to stack undervalued silver as a means of protection against this coming upset to the world economic order.