U.S. Dollar Will be Biggest Casualty of Lower Oil Prices - Video

Transcript Excerpt - hi it's Thursday December 24th Christmas Eve 2015 and can be speaking about the USDollar and how it's gonna be the biggest casualty lower oil prices and commodity prices that we've seen for the last over 12 months you know last 18 months that will lead you know to make him in other currencies because the dollar is the global reserve currency so one of the major while the major reason why I think the Dalby the biggest casualty is because back in the seventies after 1971 when president nixon to the dollar off the Bretton Woods system with which was a Gold Exchange System gold back system in august of nineteen seventy-one then Secretary of State Henry Kissinger he put it to you with the saudi government Saudi Arabian royal family whatever you wanna call it they put a deal that Saudi Arabia which was accumulating a lot of dollar reserves and a lot of foreign

First published here: U.S. Dollar Will be Biggest Casualty of Lower Oil Prices - Video