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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Will he save the world from radical muslims?
Time for the Saudis to pull the plug
No surprise. Insulating Russia is the better bet for protecting their economic long and short run.
and he can do what he want’s because obummer has weakened us to the point that we’er not a world power anymore
Russia – Primary Russian Oil and Gas Pipelines to Eruope. Western Europe was foolish to become overly dependent on this in the first place…all Moscow had to do was threaten to cut off those resources and NATO would roll over….this is what happens when you don’t have independent sources of energy…
They are cutting their own throats — even Russia cannot survive without the USA dollar valuation.
take notice mr abott you are one of the causes of this mr shirtfront guy
Vlad plays our pathetic ‘president’ like a fiddle
He’s an ex KGB agent, he will put his country and people above everything.
Russia has everyone at check and is going in for check mate