by Greg Hunter
Financial writer and analyst Bix Weir says what is going on in Ferguson, Missouri, is more than just a police action gone deadly. Weir says, “There is definitely discontent out there. The press covers so many things up, and the government gives us so many lies on statistics, such as unemployment, about GDP, and you name it, they lie about it. There is so much bubbling up under the surface, and I do think this is the beginning of something much bigger. . . . I see another 2008 coming right around the corner. . . . The majority of Americans are not doing well. . . . The 99% are saying something is wrong here.
So, where does Weir think we are in this downward spiral? Weir contends, “There are a hundred things right now that could tip us over a cliff. One of the big ones is the U.S. dollar. You got China, Russia, the BRICS countries are basically abandoning the U.S. dollar. They are starting to trade oil in other currencies. Oil is the largest commodity traded on earth in terms of dollar volume. That’s why the U.S. requires the world to buy and sell oil in U.S. dollars because all those dollars need a place to go. It’s the petrodollar, as they call it, and people are backing off of that. That’s why we went after Saddam Hussein. He was going to sell oil in something other than the U.S. dollar and we invaded. It’s all about protecting the un- backed fiat currency. It’s all about rigging the markets and keeping that dollar safe. As soon as Russia and China start following through with these deals already announced and trading oil for other things, you are going to start seeing the collapse of the dollar which will trigger the derivative bomb.”
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