U.S. Dollar Will be Biggest Casualty of Lower Oil Prices - Video
Currencies / US Dollar Dec 24, 2015 - 09:02 PM GMTBy: Mario_Innecco
Transcript Excerpt - hi it's Thursday December 24th Christmas Eve 2015 and can be speaking about the
USDollar and how it's gonna be the biggest casualty lower oil prices and
commodity prices that we've seen for the last over 12 months you know last 18
months that will lead you know to make him in other currencies because the
dollar is the global reserve currency so one of the major while the major reason
why I think the Dalby the biggest casualty is because back in the
seventies after 1971 when president nixon to the dollar off the Bretton
Woods system with which was a Gold Exchange System gold back system in
august of nineteen seventy-one then Secretary of State Henry Kissinger he
put it to you with the saudi government
Saudi Arabian royal family whatever you wanna call it they put a deal that Saudi
Arabia which was accumulating a lot of dollar reserves and a lot of foreign
Best regards,
By Mario Innecco
http://forsoundmoney.com
A Futures and Options broker in London for twenty years
Mario Innecco Archive |
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