Terry Sacka Explains Why A One World Currency Is Now Possible
On the Wealth Transfer show, Terry Sacka explained how the China Silk Road and futures oil contracts may be setting the stage for a single global currency.
He opened with, "China is using their futures oil contract which is backed by the Yuan which is backed by gold for the final takedown of the U.S. Dollar's reserve dominance."
The full video can be seen below:
On the show he displayed a portion of an article from The Independent which states, "The current deadline for the currency transition is 2018 in the most profile financial change in recent Middle East history. Gulf Arabs are planning along with China, Russia, Japan, and France to end dollar dealings for oil."
The article details how secret meetings already held by finance ministers and central bank governors in China, Russia, Brazil and Japan are collaborating in a scheme which will result in oil no longer be priced in U.S. dollars. The entire article can be read here.
About Terry Sacka
Terry Sacka, AAMS is the founder of Cornerstone Asset Metals, a dealer in natural resources (precious metals to be specific), and offers gold, silver and other precious metals backed IRAs, backed by real physical, tangible hard assets, not paper investments.
His new series Terry in Two, offers two minutes of introspective thoughts, reflections, and observations of world events in the macro and how they affect our American way of living in the micro.
He has been quoted several times by some of the most respected financial publications, such as Investor's Business Daily, Institutional Investor and the Wikipedia page "Silver as an Investment".
Precious Metals IRAs
Gold and silver is the best performing asset class in the last ten years. The nice part about a precious metals IRA - there actually is a physical metal purchased and stored on your behalf. Gold is capable of going back to its high, yielding a 60% return and silver a 200% return. They are the real wealth transfer in the physical market.
Diversification in Silver: http://cornerstoneassetmetals.com/