Dear Reader,
In February 1974, under a cloak of secrecy…
A group of strategic advisors, along with then Secretary of State Henry Kissinger, debated a full-scale military invasion of Saudi Arabia.
The idea was to secure their oil fields for the benefit of the West.
Kissinger eventually came up with another plan
The Petrodollar Scheme.
The idea was as simple as it was novel.
All oil would be traded in US dollars… which… would be reinvested in U.S. Treasuries and U.S. banks.
Those petrodollars would fuel lending around the globe.
Sparking global growth.
The plan worked.
Until now.
Because today, Russia, China, India and other emerging countries want to kill the petrodollar with impunity.
They are already making arrangements to replace it with the Chinese Yuan.
When that happens on a big enough scale…
Every American retirement account will drop in value dramatically.
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