Excrpt from Jay Taylor's Latest - MUST READ!The Dollar and America’s Decline "In my talk in Vancouver I provided evidence that we are in the late stages of a credit cycle. However the current cycle is not only far greater than even that of 2008-09 but in addition the U.S. is being threatened by growing disdain from even our European friends.
You can listen/view my talk here:
https://tinyurl.com/ycscjy8b Secretary of State John Kerry suggested after President Obama reached the nuclear deal with Iran, that if the neoconservatives forced the deal down, the U.S. dollar would then be forced to give up its global reserve currency status. Neocons scoffed at that idea, but is seems what he was suggesting may now be coming true. Before I gave my talk in Vancouver last Saturday, I discovered that the European Union, Russia, China and Iran had announced at the United Nations the formation of a Special Purpose Vehicle (SPV) to find ways to bypass and defy U.S. sanctions by trading outside of the U.S. SWIFT banking system. This comes in conjunction with the work being carried out over the past few years by Russia and China to establish their own SWIFT-like system and to begin trading in non-dollars. Most importantly the implementation of an exchange of oil for yuan/gold has been set up through the Shanghai Free Trade Zone. It’s impossible to say when the U.S. dollar will no longer be desired by the rest of the world. But the handwriting seems to be on the wall. I would strongly suggest you view John Kerry’s speech here:"
https://tinyurl.com/y75bq6ws