The four-decade long monopoly of the U. S. Petro-Dollar as the world’s reserve currency is coming to an end. Unfortunately, most Americans have no clue that when the Dollar loses its reserve currency status, life will get a lot tougher living in the U. S. of A. Let’s say, Americans will finally receive ‘Precious metals religion.’
The U. S. Dollar Index fell considerably yesterday and is now down below a key support level. In early morning trading yesterday, the U. S. Dollar Index fell to 91.46, down 73 basis points:
This post was published at SRSrocco Report on SEPTEMBER 8, 2017.