A New Global Currency, the Rise of the East and Peak Oil !

[youtube=http://www.youtube.com/watch?v=MSr-5Cr7CmE]

• A new global currency; the rise of the East; and peak oil ! 
  by http://www.goldmoney.com/
  Episode 126: Alasdair Macleod interviews Erik Townsend – a specialist on “peak oil investing” and a contributor to the popular Financial Sense website.
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  Erik sees short-term strength in the dollar due to capital flight out of other markets. But long term, America’s problems will mount, and the country will need to address serious issues. This could result in the relatively-peaceful emergence of a new global currency system, but whether the central planners could avoid an inflationary collapse prior to such an event is questionable.
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  Both men muse on the reactions to the latest Fed comments, and how quickly markets react to perceptions of the stimulus “punch bowl” being withdrawn. Erik sees a gradual long-term movement of wealth from West to East.  The power games that surround this historical dynamic will affect the commodities market in intriguing ways. The duo finish off with discussion of the energy section – one of Erik’s speciality subjects.
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  This podcast was recorded on 23 May 2013.

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