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No one likes to go out on limb for making a specific prediction and Bill Holter and I are no exception. But May 20th of this year is shaping up to be a very interesting date. That’s when we might find out about the huge energy deal that China and Russia have been cooking up, which could accelerate the end of the petro-dollar. It could also usher in the acceptance of many other currencies to be used in payment of petroleum purchases. None of this bodes well for the dollar. Gold and silver are the antidotes for this potential disaster.
This interview was hosted by Financial Survival Network.