The Mr. X Interviews

This is why the Western mainstream financial media makes me laugh. It thinks the US dollar is the real value rather than the Saudi oil that has effectively backed those dollars for forty years. The same dollar that the Fed was not so long ago printing $85B per month of out of thin air!

Luke: When you say the USD-centric global monetary system is breaking down, what do you mean? Mr. X: At the highest levels of global finance, it has long been known that the number-one problem in global economics is the dollar-centric system. In other words, that there would eventually be a dollar crisis.

if I conducted a mock interview with a fictional head of a foreign sovereign creditor of the US using the Socratic method.

“Yes,” Mr. X replied. “In fact, the trends are playing out far more quickly than even you thought possible. The pace at which the USD-centric global monetary system is breaking down is accelerating dramatically.”

Luke: I understand that (and I agree with you), but I’ve had people respond in the past that if the Saudis did that, wouldn’t the US just invade Saudi and take over the oil fields?

was pleasantly surprised—customers loved the format and began to ask for more “Mr. X” interviews.

Mr. X: Because the Western media writes as if the USD is the center of the world. Luke: Well, it is, isn’t it? The Western financial media has a point, doesn’t it? I mean, don’t the Saudis have USD-denominated debt and extensive social obligations? Mr. X: Oh sure, but let me ask you: What nation would not lend to Saudi or supply Saudi’s social need

“Events can go from impossible to inevitable without ever stopping at improbable.”

Mr. X: A very American response indeed! I suppose the US could make such a move were Saudi to “un-choose” the dollar as the world’s oil monopoly currency, but let me ask you as before—do you think no other nation would be willing to move its army to Saudi Arabia’s aid for the promise of future Saudi oil priced in its own currency? China perhaps? Le