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Tag Archives: petro dollars

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petrodollars and gold

How PetroDollars Started the Gold Crisis That May Soon Destroy The U.S. Dollar

In The NewsBy Dustin PassJanuary 9, 20143 Comments

The Federal Reserve and western central banks have wanted to eliminate the constraints of the gold standard for many decades. By manipulating the price of gold down, they have generally succeeded in lowering the opinion of holding gold in most of the highly-developed countries. But this has not been going so well in other lesser-developed…

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