Another article showing a complete lack of understanding of money.

To start, we are a liquidity crisis, showing the danger of deflationary money yet you claim the reserve currency is going to one that is capped. Fixed money always pools. You must be a fan of poverty for the masses and tyranny.

In order to preserve the USD's reserve status in 1974 he did a deal with the Saudis where they agreed to price ALL their oil sales in USD and invest in US Treasury bonds (buy US debt). The US provided weapons to the Saudis who were freaking out after Israel's victories in the 1967 and 1973 wars.

To believe this is why the USD is reserve currency is foolish. This did happen but the conclusion reached by gold bugs and others who believe in Marxist doctrine is wrong.