Sometimes the future is the present.
The real petrodollar fight started here -
http://www.businessweek....et-and-financial-advice Since the Libya was taken down, Iran still hanging on sanctions after sanctions, now its russia's turn with sanctions.
The BRICs bank is making things very unstable for the petrodollar hegemony now that it has launched earlier than expected.
What gives for the petrodollar? Use of military might has not been working for a while and finances are too stretched. Next move, hike the USD Fed rate to 'return' value to this paper. USD gains value and oil/commodities/equities take a nosedive.
The reserve currency survival fight is about to get ugly...
**A debasement event looms**
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!