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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Old news in new print!
Putin is a very smart man.
I agree Daniel Ray
WWW3 has his and Obama name written All over it!
Impeach obama – for treason and being so INCOMPETENT !
that is the smartest thing to do!
The US should pack its bags too and let the world burn while we find oil on our own soil and use our own reserves, but know our government everything is our problem.
I think he knows the NeoCons well.
Rory Ruhl Donna Dinizo-Ruhl
Lovely!