Preparing for the Petrodollar’s Demise - a podcast by Jay Taylor

Lyn Alden, Michael Oliver and Corwin Coe return. After President Nixon closed the gold window in 1971, the U.S. dollar retained its value despite massive expenditures undertaken to expand its empire. The dollar retained its value through diplomatic arrangements with Saudi Arabia to force nations around the world to pay for oil imports using U.S. dollars. To enforce the dollar system, the U.S. military was used in countries like Iraq and Libya. Seemingly, the U.S. could issue an infinite amount of debt used to manufacture dollars. Lyn will explain why the petrodollar's days are limited, what that will mean for Americans in general, and how investors should prepare to profit from this knowledge before the dollar's imminent decline. Michael will share his thoughts on the dollar and other key markets at this moment in time and Corwin will update us on the progress of Sitka’s three gold exploration plays in Canada and the U.S.

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