Ned Goodman is apparently not in agreement with President Obama’s version of American exceptionalism. Speaking at the Cambridge House’s Toronto Resource Investment Conference last week, Goodman elaborated on how the U.S. dollar is losing traction as the world’s reserve currency. Several decades ago the dollar and more specifically the petrodollar helped to insure that the U.S. would be able to dictate world trade. What we now have in the U.S. is increasing stagflation and a devolving political power grab. In the meantime the West is watching its reserve of physical gold get siphoned off to the east which serves to deepen the credibility trap even further.