Rickards Warns "Cracks In The Dollar Are Getting Larger"
Authored by James Rickards via The Daily Reckoning,
Many readers are familiar with the original petrodollar deal the U.S made with Saudi Arabia.
It was set up by Henry Kissinger and Saudi princes in 1974 to prop up the U.S. dollar. At the time, confidence in the dollar was on shaky ground because President Nixon had ended gold convertibility of dollars in 1971.