Another (rumored to be the late Guy De Rothschild) on the USD/oil contraption.

It was never the intent of the CBs to sell their countries gold in massive amounts. . In return for the US$ remaining the "oil reserve" currency,
(oil would be not just supplied but supplied in USD >

large amounts of gold would be supplied far into the future. The gold, while indirectly backed by the CBs would actually come from the mines of the future. With the oil money making a ready market for gold priced at a premium ( contangoed out many years ) ,

the mines could make a fair profit even with spot gold priced below production. All would win. And for some time, we did!

Too many people made to much of a good thing. A sad thing, this LBMA, as it winds down with it the dollar reserve and cheap oil will also go.