The Misalliance

               
                Aleksandr Piatkov

                The Misalliance


Since Middle Eastern hydrocarbons are traded in greenbacks, and

Venezuelan crude returns to the American aegis, the dollar is bound to

preserve and fortify its reign as the global currency.


Yet, the Iranian conflict looms as a catalyst, driving up the cost of both

energy and the very currency required to move it.


This leaves the pair with no choice but an relentless upward surge—a climb that

will ultimately usher in a global recession, crush national currencies, deplete

the returns of treasury buyers, and trigger a collapse in bond prices, finally

bursting the great dollar bubble.


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