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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All planned china rusdia usa are in bed
John boehner is a idiot trying to destroy us to
I’m sorry, I will try my best to not insult but jan Brent. You think Americas problems will go away with Obama? Those problems existed before Obama and they will continue to if you buy into the republican vs democrat election campaigns. Why does it have to be one verse the other? Why not vote for politicians based on how they uphold the constitution. Not their beliefs on abortion, wars, Israel, or any of that garbage? Maybe we could try that? Or should we act like children and spew inaccurate words on facebook in all capital letters?
hey george, don’t they teach you in middle school not to make assumptions? stupidity in America is what drives Dem vs Rep 😉 ! Keep flipping off half your country. Worked well for Romney.
The banker’s need to thin the herd. Therefore they’ll fund both sides and the people will lose.
Come on people USA was doing just fine. We need to go back to basics.We need to take care of USA. That means USA.
If you believe there is still a us government, you are a fool
Yes we have a government we need to clean it up, out with old and get new blood in.
The fool our me and you, cause we don’t do nothing.
I wouldn’t use the dollar as reserve currency either. End the Fed.