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End of the War Dollar – Dave Kranzler & Rory Hall

Monday, February 23, 2015 18:21

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(Before It's News)

TND Podcast Spotlight: Dave Kranzler & Rory Hall

The past several years I have heard the US dollar being referred to as the “petro-dollar” insinuating that oil is actually what backs the dollar. Close, but not exactly accurate. What backs the US dollar is war. The military is the backing force for the US dollar. Saddam Hussein and Moammar Gadhafi are prime examples of what happens if you decide exchanging your oil for something other than US dollars is a good idea. It’s not going to happen. Tomahawk missiles for everyone!! 110 Tomahawk missiles were dropped on Libya in one day. 110.

We take a look at the new SWIFT system launched, well ahead of time, by Russia and the impact that it will have on the war-dollar. With China already applying pressure to the war-dollar via the direct currency swaps, this new system will only make the war-dollar less desirable on the global stage.

Several economic indicators hit the wire today, not a single piece of good economic information was released. The housing market continues it’s slide south, the west coast longshoreman’s strike continues and, of course, gold and silver were both monkey-hammered. But what would you expect with such great economic news flowing from the four corners of the United States.

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About Dave Kranzler:

I spent many years working in various analytic jobs and trading on Wall Street. For nine of those years, I traded junk bonds for Bankers Trust. I have an MBA from the University of Chicago, with a concentration in accounting and finance. My goal is to help people understand and analyze what is really going on in our financial system and economy. You can follow my work and contact me via my website Investment Research Dynamics. Occasionally, I publish on Seeking Alpha too. As a co-founder and principal of Golden Returns Capital, LLC Mr. Kranzler co-manages the Precious Metals Opportunity Fund, a metals and mining stock investment fund.

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About The Daily Coin:

TheDailyCoin.org was founded by Rory Hall. The website features articles and commentary, as well as The Daily Coin podcast, also appearing on The Daily Coin YouTube Channel. Mr. Hall has served as a daily contributor to STGReport.com over the past two years. He has written several original articles and interviewed some of the top precious metals professionals in the industry, as well as top preparedness specialists in the world. YouTube Channel, The Daily Coin, was launched in February 2014 and website TheDailyCoin.org was launched April 25, 2014