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2013-2015: The end of the petrodollar’s rule over the world (excerpt February 2013 edition of GEAB)

When, in January 2006, the first GEAB issue anticipated the fall of the Dollar wall, the comparison was made between the Berlin Wall and the Iron Curtain which made it possible for the Soviet system to hold up for so long and the Dollar Wall which protects America. But this Dollar Wall itself is founded on oil, this so strategic raw material which oblige(s) (ed) the planet to resort to the US Dollar to get it. As long as oil is still paid for in US Dollars, the demand which it creates ensures the currency’s domination. The fact that the European Union followed the United States’ sanctions against Iran, rather than to pay for its oil in Euros, suits them well. But the easing of relations with Iran and the June 2013 elections which will see another president follow on from Mahmoud Ahmadinejad creates a situation favourable to abandoning these sanctions and oil imports paid in Euros. This action would strongly accelerate the petrodollar’s retreat…

Read complete excerpt on GEAB website

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