http://www.examiner.com/article/ned-goodman-the-dollar-is-about-to-be-dethroned-as-the-world-s-de-facto-currency
On Sept. 15, Canadian billionaire Ned Goodman spoke
at the Cambridge House regarding the U.S. dollar, and the state of the Western
economies. In his nearly eight minute speech, the 75 year old CEO of Dundee
Capital Markets and Chancellor of Brock University painted a picture of the
upcoming change in reserve currency control by the U.S., and how the dollar
will soon be replaced as nations around the world rush to get rid of their
currency reserves.
“Ned Goodman: In my view, the dollar is about to
become dethroned as the world's de facto currency. I'll tell you how I came to
that conclusion so quickly... the new President of China, Xi Jinping, his first
visit on the day of his becoming President, was at his request to meet with Mr.
Putin. And he immediately made a deal with Mr. Putin to get all the oil that he
needs, which he can buy in Renminbi. “We're headed to a period of stagflation,
maybe serious inflation, but stagflation for sure, and the United States will
be losing the privilege to print at its will, the world's reserve currency. A
period that's going to be very inflationary, and I can tell you that before
that happens, it is likely that it is going to get quite ugly. - Ned Goodman,
Cambridge House”
Goodman's assessment falls in line with a story we
broke on Examiner over a year ago, where details of the oil agreement between
Russia and China were provided to a source by officers within the oil industry.
Besides being able to purchase oil using a currency other than the U.S. dollar,
China began to wholesale Russian oil to countries around the world, including
Iran who even today remains under UN sanctions.
In the wake of the banking crisis of 2008, the world
has quickly begun moving away from U.S. dollars, and into trade agreements
which bypass the reserve currency and SWIFT systems. In 2008, Chinese Yuan made
up 0% of all international transactions, but in the five years since, the Asian
currency is now involved in 12% of all global trade.
The death of the dollar, and its removal as the
world's reserve currency, is no longer a conspiracy, or dreamed outcome by most
of the financial world, and instead is an expected reality for the near future.
When that day comes is a guess most analysts cannot predict, but in light of
how Russia and other nations rejected the U.S. in their desire to chastise
Syria last week, the fear of dollar hegemony no longer carries any real weight
to it. And like the Suez Canal event in the 1950's, which saw the end of
Britain as a global superpower, so too may the events of Syria spell the end of
America's domination over the global economy.
My opinion: Watch out for a crisis around October
19-26, 2013. These dates are one year removed from our warning last year,
during Jeroboam’s False Sukkot. Do you remember Hurricane Sandy, that landed during that same time frame last year? That's what I'm talking about. 
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