The End of Dollar Hegemony Part 1 / 3

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Uploaded by on Oct 5, 2009

Prescient speech from Ron Paul in 2006. Truly a classic.....


UK's Independent confirms demise of dollar in oil trading

http://www.independent.co.uk/news/business/news/the-demise-of-the-dollar-1798...


Text of Speech

http://www.house.gov/paul/congrec/congrec2006/cr021506.htm

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  • great speech

  • Yep .... the US economy is dependent on world-wide oil producers using US dollars for selling oil. Anyone not sticking to this rule is a threat. Venezuela thought of Euros and there was a 'coup attempt':  Iran started some Euro oil sales and there is much attention in the media labeling them as dangerously seeking "nuclear weapon"

    Underneath all is the reality that US over-extension of world influence (military bases) is dependent on a US dollar value dependent on oil sales in US dollars!

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  • This is so utterly important. And yet only 4,500+ views? Yet Justin Bieber's videos have 100,000,000+ views....we're screwed.

  • Yep .... the US economy is dependent on world-wide oil producers using US dollars for selling oil. Anyone not sticking to this rule is a threat. Venezuela thought of Euros and there was a 'coup attempt': Iran started some Euro oil sales and there is much attention in the media labeling them as dangerously seeking "nuclear weapon"

    Underneath all is the reality that US over-extension of world influence (military bases) is dependent on a US dollar value dependent on oil sales in US dollars!

  • Remember this is part 1 of 3

  • Awesome posting!

  • No one speaks like this guy Ron Paul. This is great, Thanks for posting

  • 10:00 It's all about oil! Saddam decided to sell his oil in euros; therefore, signing his own execution. Google Petrodollars.

  • thx

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