be used for massive sales of  countries resources energy and so on. America as round about 17 billion dollars in its own country,  and also a little more then 17 billion outside its own boarders which as been vaulted by other countries for purchases. Up until 1971 the dollar was secured by gold which was held in vaults much like our own Bank of England. Nixon unpegged the dollar in 1971, so it was no longer a secure currency, Why? Before 1971 the dollar was backed by the gold in the banks vaults securing it's citizens if ever the dollar would implode or hit a crisis. We saw that here in the UK but a few years ago, the stock market closed whilst banks tumbled. So who lost out? You did citizens here in UK and America lost there pensions or part, and also lost a considerable amount of deposits, like I said it wasn't secured or backed by gold. You have to remember that little bit of paper you carry around and use as money is simply an I.O.U. thats why it states on there "I promise to pay the barer." So wait! it's not money? No its not, your money is in the bank, you abandoned it and chose to take the I.O.U. Now any fool will tell you before you borrow money to any one you need to know they can pay you back! However when the dollar was unpegged commerce all over the world followed suit, so now nearly all currencies are not backed and your money is venerable with no security. Over the past twenty years Presidents, Kings queens and Tyrants (LOL will later explain) have tried to boycott the unpegged dollar and why shouldn't they, they dont want unstable I.O.U.s and who would, but history proved "you cant do that!" Look what happened to sadam Hussien when he wanted gold for the oil? the list in the middle east goes on, and not just for Oil. Today 26 countries boy cot the dollar including Russia and china, do you think they do this to be awkward?

So whys the dollar doomed? Every monitory system as imploded, they all have stresses, wars and so on. However the dollar as an added bonus to its demise, its worthless! If it isn't backed its just too big a risk. Why do you think russia is now dealing with china  with its commodities, look whats happening now with our very own gas supply from russia? He sold the whole 30 year contract to China leaving us with less then 30% of our usual gas supply. So yes energy prices will go up this year despite there promises.

To understand this better it is worth watching Mr molloneys 25 minute video and do some searching your self