Jim Rickards Discusses The Demise Of The Dollar On Daily Ticker:
“Saudi Arabia feels stabbed in the back by what the president did in December, he sort of anointed Iran as the regional power…oil must be priced in dollars, everyone needs oil that means everyone needs dollars, now if Saudi Arabia changes that and says ‘We’ll take yuan or we’ll take other currencies or we’ll take euros, etc’ that pulls the rug out from under the dollar…”