Explanation on Iran is next.
A few days ago I posted an article stating how Iran has completely switched it’s oil reserve currency from the Dollar to the Euro.
The Iranian government has officially told our current administration to kiss their ass.
The reason why I say this goes back to the only theory that I’ve read regarding the war(s) in the middle east and how/why America and the American way of life is a direct cause.
According to the petrodollar warfare our money is based on large reserves of dollars that other countries are holding because the dollar has been the dominant currency when oil has been exchanged.
The Dollar is no longer backed by gold, well at least not the precious metal.
It’s not backed by black gold and it has been for a very long time.
If you want to know more about the petrodollar then click here.
Now that Iran has switched to the Euro (just like Iraq was planning on doing before the war) countries will no longer have to keep large reserves of American dollars to purchase oil.
What this means for you and I is this, the American dollar isn’t worth the material that it’s printed on nor is it backed by a bar of goal (which most of us were taught when we were younger) so our economy as well as our way of life could change or maybe even collapse.
I’m not really sure how but considering that the majority of Americans are living in debt the “shit could hit the fan fairly easily.”
Knowing this really puts the term “get money” into a completely different perspective.
I mean what’s really the point in chasing after something that could potentially be worthless or could be the cause of tens of thousands of deaths?