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Hmmm, it's been a while since I peered into this. The Fed has doubled the money supply since 2000. All the major trading agencies are recommending either gold or silver, and there's an awful lot of papers about how Fiat currencies can never be maintained and tend to zero value.
Doesn't seem to support the 'oil-fiat currency' conspiracy at all.
The basic premis of course is that nations give America goods to the value of the amount of oil they purchase and America gives them dollars at a cost of however much it costs to print.
The OPEC nations place the dollars in American banks in 'long-term' investments and the myth of pretty paper being worth something all by itself is maintained. Doesn't seem to be working out that way.
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