by Anthony Wile, The Daily Bell:
Daily Bell: How are things?
Ron Holland: Well, I’m on the beach in the Caribbean today as I respond to the interview questions so for me, personally, like the Zac Brown Band sings in their hit song, “Toes”, “I got my toes in the water, *ss in the sand not a worry in the world, a cold beer in my hand. Life is good today, life is good today.” But I fear the economic future, especially for Americans, is an entirely different story. Actually, earlier this week an event took place of paradigm shift proportions that will likely destroy the dollar as the world reserve currency over the coming decade.
Of course, it was not covered by the mainstream media and even missed by much of the alternative media but this historic Russia/China gas deal totally outside the dollar is the beginning of the end for the petrodollar system. ZeroHedge did publish an article explaining this deal that I would recommend for anyone wanting a more thorough understanding, entitled “Russia and China Finally Sign Historic $500 Billion ‘Holy Grail’ Gas Deal.” Over time this will translate into a dramatically lower standard of living in America along with at least a 50% depreciation in the dollar.
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