Leeb: “Eric, last week we spoke about the threat being posed by Russia, China, and the various BRIC nations, against the dominance of the U.S. dollar as the world’s reserve currency. But if you look at the history of people who have challenged oil being priced in dollars, what happened is the U.S. has militarily wiped them off the face of the Earth….
“Whether it was Saddam Hussein in Iraq, or Muammar Gaddafi in Libya, the United States intervened militarily and both of these men were ‘eliminated’ for threatening the U.S. dollar as the world’s reserve currency.
he problem here for the United States is that they can’t eliminate President Xi and militarily occupy China, and they can’t eliminate Putin and militarily occupy Russia.
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