How Much Longer Can the Dollar Remain The World’s Reserve Currency?

F. William Engdahl and Darin Wagner returned as guests on the radio program.

The underlying need for the U.S. and the NATO forces to engage in continuous wars is directly related to the need to maintain the U.S. dollar as the world’s reserve currency. That’s because since 1971 the dollar derives its value not from market forces but from U.S. geopolitical and military control used to force countries to pay for oil in dollars. But now, this counterfeiting process which provides a tremendous military and trade advantage to the U.S. is being challenged by China and Russia. How much longer can the petrodollar system remain? If it breaks down, what will be the repercussions for world markets, not the least of which is honest money, namely gold?

Regarding gold and gold mining, Darin joined me again to update us on his company’s evolving world class gold deposit in Quebec.

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William EngdahlF. William Engdahl is an award-winning geopolitical analyst, strategic risk consultant, author, professor and lecturer. After earning a degree in politics from Princeton University and graduate study in comparative economics at Stockholm University, he worked as an economist and investigative freelance journalist in New York and Europe.

He has been researching and writing about the world political scene for more than thirty years. His various books on geopolitics have been translated into 14 foreign languages from Chinese to French, from German to Japanese.

His most recent works trace the strategies and events that led to the rise of the US as an international superpower after 1945, a new kind of Empire not based upon sole military occupation of land, but control of vital resources (finance, the basic food chain, energy, in particular oil) as the basis for what would become the greatest concentration of power in history, after the collapse of the Soviet Union.

Darin WagnerDarin Wagner is a Professional Geologist with 20 years of exploration and corporate development experience. He spent the first 10 years of his career with two of Canada’s largest and most successful exploration and mining companies: Noranda, (now Xstrata) and Cominco (now Teck), as a project geologist and manager in North and South America.

In 1999 Mr. Wagner became V.P., Exploration for New Millennium Metals Corp. In 2005 he became Pres. of Sydney Resource Corp. and helped engineer the successful merger between Sydney and Band Ore Resources to form West Timmins Mining Inc., where he served as a Pres., CEO and Dir. through the discovery of the high-grade Thunder Creek Gold Zone in Timmins, Ontario and the acquisition of West Timmins by Lake Shore Gold.

Mr. Wagner currently serves as a director of Druk Capital Partners and as a technical and/or corporate advisor to several other publically listed resource companies including MAG Silver Corp. and Metals Creek Resources Corp.

About Jay Taylor

Jay Taylor is editor of J Taylor's Gold, Energy & Tech Stocks newsletter. His interest in the role gold has played in U.S. monetary history led him to research gold and into analyzing and investing in junior gold shares. Currently he also hosts his own one-hour weekly radio show Turning Hard Times Into Good Times,” which features high profile guests who discuss leading economic issues of our day. The show also discusses investment opportunities primarily in the precious metals mining sector. He has been a guest on CNBC, Fox, Bloomberg and BNN and many mining conferences.