Slange, it seems most people here have forgotten the vital part oil plays in keeping the ponzi going.
The currently depressed oil price is still paid with petrodollars worldwide, a US enforced rule literally on pain of death, ensuring the survival of US treasuries and the bloated USD.
In the 1970s America substituted oil for gold as the backing for the USD.
Oil is the key commodity for military power and therefore global hegemony. Clever at the time, but time and events move on, and now the US is highly vulnerable. The Russia/China alliance is prepared to challenge the petrodollar, and all it would take to bring the dollar crashing down is for either Russia, Saudi or the Emirates oil producing states to announce that they will accept currencies other than USD in payment.
It will come, and then we will see the long awaited system demise and something fairer built in its place. The timing of this event is in the hands of Russia and China, or perhaps the Saudis.
