The death of the petrodollar is the death of the American economy. With our massive, unpayable debt we are forced to continue printing money like crazy, along with Europe and Japan, just to stay afloat.
This could go on for some time if everyone continues to print together, however, if the U.S. dollar ceases to be the world’s reserve currency it’s game over.
Unfortunately, countries began trading out of our dollar for some time, especially China. Now, a huge spike has been driven into the heart of our dying economy as Russia has just pulled itself out of the petrodollar.
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Thanks to George Bussh and even more so President Obama our dollar is in FACT collapsing and the end is near, the media & Government have been hiding the FACT.
And O lovers are pathetic
I actually know that guy
it might be interesting and less hysterical to run the numbers to get a sense of the economic power of the various governments involved Russia ranks eighth among the world’s top 10 economies, based on 2013 nominal GDP:
United States — $16.8 trillion;
China — $9.2 trillion;
Japan — $4.9 trillion;
Germany — $3.6 trillion;
France — $2.7 trillion;
United Kingdom — $2.5 trillion;
Brazil — $2.2 trillion;
Russia — $2.1 trillion;
Italy — $2.1 trillion;
India — $1.9 trillion.
Also of note: the European Union’s 2013 nominal GDP was $17.4 trillion.
Get real. You dumbasses have been saying we are all going into FEMA camps for years
So he’s a pissant dictator
quick saying bush, it is Obama it is he that wants to kill us
They aren’t allowed to get air time if they speak against the ones who write ALL the paychecks
We have enough of our own resources to make our own-it’s just good relations
The bear was poked, and is responding, and to be fair,,,the bear warned ya