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RE: China has Replaced the Petrodollar - Making Gold the Worlds New Reserve Currency.
I personally don't think this matters. Oils is dying. Countries that have relied on it are now looking for other sources. The use in the US has leveled and will go down more and more. Fossil fuels are a thing of the past. Plus there is too much being produced. The costs are so low now that the margins suck. But hey sometimes the last girl to the dance get lucky. :)
lower demand has some relevance - however the loss of using USD as World reserve currency will be very significant and that is the point of my blog. I appreciate your comment and intelligent viewpoint.