A Dollar the Size of a Postage Stamp
"Kuwait, Venezuela, Iran, Russia, and Norway have already opted to ignore the destabilizing effects of "conversion" from dollars and are in some stage of divestiture. Others will follow. The UAE, Bahrain, Qatar, Oman and Saudi Arabia are considering switching from the dollar-peg to a basket of currencies so they can hedge against the inflation that's battering their economies. It's only a matter of time before the Petrodollar System -- which links the dollar to petroleum sales and creates a de facto 'international currency' -- unravels completely, precipitating the final collapse of Breton Woods."
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