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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Great …USA likes It when Russia moves…for their sense of pride misleads them.
welcome to obamas America,get ready america it about to start
Now comes the big Obama payback..wait to see what comes next folks
We knew it was coming.
Russia is already broke. Will only lead to wise economic conditions for them.
Wow
Who cares ..America increase your oil production
OBAMA will start running scared
And comrade obama plays golf!!
Keystone, anyone?