Russia and China Declare All out War on Us Petrodollar Prepare for Exclusive Trade in Gold

By the 1960s, a surplus of U.S. dollars caused by foreign aid, military spending, and foreign investment threatened this system, as the U.S. did not have enough gold to cover the volume of dollars in worldwide circulation at the rate of $35 per ounce; as a result, the dollar was overvalued.

Source: http://ift.tt/2uAqxeW

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