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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We should have hired Putin not Obama
We didn’t start the fire… Obama did.
What a deal. ..
You’re delirious.
Except the Russian economy is collapsing, with just sanctions! Smh…stop sucking Putin’s manhood like he’s some great conquer.
Oh shiiiiiiiiiiiiii. I have a bad feeling now
When you are in controll of the cards you can predict with 100% accuracy, the flow of events… WW3 cometh and we are not in control…
The Ruskies are already here in America. They were there in Ferguson to watch the show.
Yea, no need to be provocative
Russia’s economy is about to crumble into a deep depression due to oil prices. They can’t afford to pay their own bills and the rupee has dropped half in value.