Grant Williams: The Death Of The Petrodollar, And What Comes After | Zero Hedge

Grant Williams, author of “Things That Make You Go Hmm…” offered the most comprehensive analysis yet of the rise and inevitable fall of the petrodollar (and implicitly US hegemony). In the following presentation, from Mines & Money Conference in London in December 2016, Williams focuses on gold’s performance in 2016, the reaction to Donald Trump’s election and joins a series of dots that may lead to the end of the petrodollar system and a new place for gold in the global monetary system.

The Dots So Far. Fall of the Petrodollar From: Get it? Got it? Good. http://ttmygh.com/
The Dots So Far. Fall of the Petrodollar
From: Get it? Got it? Good. http://ttmygh.com/

The story begins in the 1970s when Henry Kissinger and Richard Nixon struck a deal with the House of Saud — a deal which gave birth to the petrodollar system.

The terms were simple The Saudis agreed to ONLY accept U.S. Dollars in return for their oil and that they would reinvest their surplus dollars into U.S. treasuries.

In return, the U.S. would provide arms and a security guarantee to the Saudis who, it has to be said, were living in a pretty rough neighborhood.

Read More: www.zerohedge.com/news/2017-02-09/grant-williams-death-petrodollar-and-what-comes-after