Age of the Dollar Standard

  • rndale

    Posts: 90

    Apr 25, 2011 4:37 AM GMT
    When Nixon removed the US off the gold standard he began the shift of the global wealth from a single, natural resource into all natural resources.

    The theory stipulates that because the US dollar is the basis of the majority of the global commodities, particularly agriculture commodities.

    *However the only 2 major industries who have dropped in the US are steel and oil, steel has been replaced by other industries which use less resources while the bulk of US oil is imported from Canada.

    Since the global price of oil is set in US dollars it avoids dutch disease effect for the countries that have oil as there primary export commodity. Another theory believes that the inflation of the dutch disease is being absorbed by the US dollar, until it can be released in the exporting home country in the case of Dubai in the real estate market. The reason oil is going nuts is because it can, since the inflation has no place to go, and in the city economies which control the prices.

    So as long as global resources maintain, the US dollar as the central currency. every country on the planet must use US dollars to trade natural resources.

    And according to the current crop reports from China and Russia, we are in a Moderate global food crisis the wost in generations. Only the 3 New World Continents have a surplus of food, and only Australia doesn't use US as there primary trading currency.
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    Apr 25, 2011 6:51 AM GMT
    371.25 grains of silver = $1 USD (according to the Constitution)