In the near future. Maybe not tomorrow, maybe not next week - but, give it a few months. The US Petro-Dollar system was designed by bankers with an end in mind. It is definitely on its' last leg. Certainly the music stops in 2021, when the LIBOR comes to an official end. I doubt it will last through 2019. If you don't know what the LIBOR is, do some research and you will be surprised that hardly anyone is talking about it. Basically, it means that $300 TRILLION worth of outstanding contracts will have to have their interest rates re-negotiated (even a tiny rise in those interest rates means the END of all FIAT paper currency). Frankly, I'm surprised it has lasted this long. There is a very good reason why central banks and countries have been stacking physical gold: when the World Reserve Currency crashes and gets re-set, nobody is going to want to put their trust in anything that is not backed-up by hard assets (land, oil, gold, etc.)
In the near future. Maybe not tomorrow, maybe not next week - but, give it a few months. The US Petro-Dollar system was designed by bankers with an end in mind. It is definitely on its' last leg. Certainly the music stops in 2021, when the LIBOR comes to an official end. I doubt it will last through 2019. If you don't know what the LIBOR is, do some research and you will be surprised that hardly anyone is talking about it. Basically, it means that $300 TRILLION worth of outstanding contracts will have to have their interest rates re-negotiated (even a tiny rise in those interest rates means the END of all FIAT paper currency). Frankly, I'm surprised it has lasted this long. There is a very good reason why central banks and countries have been stacking physical gold: when the World Reserve Currency crashes and gets re-set, nobody is going to want to put their trust in anything that is not backed-up by hard assets (land, oil, gold, etc.)
I'm not a magic 8-ball, but the answer is:
IT IS MOST DECIDEDLY SO
@magic8ball