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Terry Sacka Discusses the Future of the Petrodollar on The Wealth Transfer Show Source: SuperbPR Dated: Sep. 30, 2014
Terry Sacka appeared on The Wealth Transfer Show to discuss how the petrodollar and its relationship with crude oil is why American became wealthy over the last thirty years and what is affecting its status today. WEST PALM BEACH, Fla. -- The Wealth Transfer is a weekly program airing Thursdays at 10pm (EST) on the Christian Television Network (CTN) with host Dr. Charles Vance and featured speaker Terry Sacka, AAMS discussing global economics, biblical & financial principles, and the protection and preservation of wealth & hard assets. Terry Sacka, AAMS is an Accredited Asset Management Specialist at Cornerstone Asset Metals, a financial analyst and founder of Cornerstone Asset Metals in Jupiter, Florida. He assists and guides investors on using physical assets such as gold and silver for asset protection and wealth preservation. Mr. Sacka is also regular guest speaker on the Wealth Transfer show and made a recent appearance to discuss a very popular topic - the future of the petrodollar's status and dominance in its relationship with crude oil. He opened the show addressing the agreement the United States made in regards to how the petrodollar was formed and how the "whole world had to follow." The petrodollar refers to United States dollars earned through the sale of its petroleum (oil) to another country. https://www.youtube.com/watch?v=WyRX2LaXyBk Mr. Sacka is particularly adept at relating the conversation to biblical principles and how it is unwise and unsafe to place faith in "dishonest weights and measures." He explains how there has been much talk of the BRICS and most recently the news of Russia making a move against the petrodollar. It appears that they are quite serious about their de-dollarization strategy. Throughout the years, the number one American export has been U.S. dollars and as rest of the world has been using it to trade with one another and so there is tremendous global demand for our dollars. The linchpin of this system is the petrodollar. For many decades, the purchase of oil had to be done with U.S. dollars, but there has been speculation recently that one of the biggest oil exporters in the world, Saudi Arabia, could decide to start accepting other currencies as payment for oil. The result is that the petrodollar dominance would disintegrate very rapidly. Saudi officials have been warning of a "major shift" in relations with the United States. Mr. Sacka closed the show with a variety of charts including the Chinese gold imports from Hong Kong 2012 vs 2013 and the Russian Central Bank Gold Reserves from 2006 to 2013. Entire episodes of The Wealth Transfer Show can be seen at the The Wealth Transfer Show Archive. Investors can receive a free information packet at Terry Sacka's corporate website for Cornerstone Asset Metals at http://www.cornerstoneassetmetals.com About Terry Sacka Terry is a financial analyst and accredited asset management specialist (AAMS) at Cornerstone Asset Metals, a private bullion dealer located in Jupiter, Florida. The company enables investors, both large and small, to use metals such as gold, silver, platinum and palladium as an effective hedge for their retirement accounts against inflation. The company mission is to put people back in charge of their wealth through
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tangible assets that have been used as a medium for exchange since the dawn of civilization. Cornerstone Asset Metals 601 Heritage Drive, Suite 104 Jupiter, FL 33458 (888) 747-3309 --- End --Email Phone City/Town State/Province Country Industry Tags
Click to contact author (888) 747-3309 West Palm Beach Florida United States Business, Finance, Investment future of petrodollar, petrodollar collapse, wealth preservation, currency wars, brics, Russia Iran, terry sacka, wealth transfer show Link http://prlog.org/12377353 Scan this QR Code with your SmartPhone to* Read this news online * Contact author * Bookmark or share online
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