The World Slowly Waves “Good-Bye” To The Petro-Dollar

http://investmentresearchdynamics.com/the-world-slowly-waves-good-bye-to-the-petro-dollar/

It has been the global use of the dollar to settle all OPEC oil trades using the U.S. dollar that has kept the dollar from losing its reserve status ever since Nixon closed the gold window in 1971.  Essentially this factor has kept the dollar propped up for a lot longer than it should have been.
Many of us believe that defense of the petro-dollar has been one of the primary motivating factors behind the imperialistic aggression of the U.S. in both the Middle East (including Libya) and in non-NATO eastern Europe.   For instance, it is well-known that Saddam Hussein was threatening to only accept euros for oil several months before the U.S. Government lied its way into invading Iraq and exterminating Hussein.  Ditto for Libya.