Replies to post #5487 on General Stock Ideas

[gfp927z]

MarketFest, >>> globalists will use oil as a means of currency <<<



That's basically what Lindsey Williams has been saying -- that oil has become the de-facto global currency. The US dollar has been a huge beneficiary because for many decades all global oil purchases have had to be transacted in US dollars. Countries had to first buy US dollars in order to buy oil, and this kept demand high for the US dollar. Also, an ongoing 1970's deal between the US and Saudi Arabia requires that the Saudis re-invest a large portion of their oil profits into US Treasuries, and this also helps prop up the US dollar system. Remove either of these 2 key factors and there is an instant dollar crisis.

To transition from the dollar system to the new global SDR system, the globalists will need a crisis in the US dollar. The crisis could easily come from sovereign debt, or derivatives, etc, but Lindsey Williams' reliable sources in Big Oil have indicated that the plan is for the dollar crisis to come out of the dollar's relationship to Oil. Conveniently, with this oil scenario, the banking cartel escapes any blame for the dollar's collapse.