The proposed Iranian oil bourse will accelerate the fall of the US Empire

For the first time in history, in the twentieth century, America was able to tax the world indirectly, through inflation. It did not enforce the direct payment of taxes like all of its predecessor empires did, but distributed instead its own fiat currency, the US dollar.

Here is how it worked. Early in the 20th century, the US economy began to dominate the world economy. The US dollar was tied to gold, so that the value of the dollar neither increased, nor decreased, but remained the same amount of gold. The Great Depression, with its preceding inflation from 1921 to 1929 and its subsequent ballooning government deficits, substantially increased the amount of currency in circulation, and thus rendered the backing of US dollars by gold impossible.

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