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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I Welcome a Debate!
No you’re just to stupid to understand how the world economy works. But then you are a left nut. All mouth and no education.
Whats worth more Food or money,,whats worth more shelter or money,its paper try eating it and and keeping warm with it.
Russia is desperate. With oil tumbling in price the rupee has fallen dramatically. Besides, we dont use his oil. This is a game he is playing with europe
1929
Crazy
Based Putin
Zach Boose see what I was talking about bro.
I was in Northern Europe the last time the USSR pulled the same c**p. It backfired on them then and it will do the same now. The Rubble has no value, never has never will. That is Progressive Democrat Socialism at it’s finest. Failure and the people continue to suffer quietly because if they complain they no longer exist.
The way Obama is gutting our Military leaders he doesn’t care.