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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AND ALWAYS REMEMBER! IF YOU USE APP CAPS PEOPLE MIGHT BOT REALIZE YOU DONT KNOW WHAT YOURE TALKING ABOUT!!!
Like China already has!!!!!
We still owe over 6 trillion and almost 4 of it to China!!!! Russia will out live the rest of Europe. The Euro and Pound will collapse before Russia will cave.
Things are going to get really bad. Glad we have a great strong leader in the White House. NOT.
As predicted: http://www.locutions.org/2014/12/2-russia-destabilizing-the-european-economy/
Here it comes. Putin is a mastermind….kill the petrodollar! What a response to Obama’s puny and stupid sanctions!
Response nothing, he’s trying to separate his country from western interests that buy and sell politicians (mostly for natural resources) from around the world (America, Australia, Canada, U.K., etc) like old cars.
It was done in response to Obama’s sanctions over the Ukraine, whatever other motives Russia’s president has.
congress and house remove obama from office IMPEACH obama now….declare biden unfit and let john boehner act as standing president until a new true american president is voted in…
And other people who are intelligent look at the substance not the text. Fly away now liberal!!!