RT Nick Szabo (@NickSzabo4)Gold is at $5,100 and oil at $90. In gold terms, the stock market has fallen by more than half since rumors of the Iran war planning started making the rounds on Wall Street. Iran's ability to interdict shipping at Hormuz, something investors had naively believed the U.S. Navy could prevent -- they hadn't kept up with advances in the art of war -- has driven oil up 50% since the war started.Since the 1971 end of Bretton Woods, the dollar has often been called "the petrodollar" bec ...

Gold is at $5,100 and oil at $90. In gold terms, the stock market has fallen by more than half since rumors of the Iran war planning started making the rounds on Wall Street. Iran's ability to interdict shipping at Hormuz, something investors had naively believed the U.S. Navy could prevent -- they hadn't kept up with advances in the art of war -- has driven oil up 50% since the war started.Since the 1971 end of Bretton Woods, the dollar has often been called "the petrodollar" because its value is so heavil ...

RT George Bodine (@Jethroe111)I lived through the worst inflation the US has had since post WW2.I remember watching Nixon uncoupling the dollar from gold in 1971.I watched him on a small TV. It had 3 channels. ABC NBC CBS. You had to jiggle the tuner knob to get it to lock in to the channel.In my mind I still see him talking in black and white.It started slowly after 1971. Like a frog being boiled alive.But the money was untethered, and by 1975 all the OPEC nations were onboard with the Petrodollar.Now the ...