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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Lol .What a bunch of Dips on this post. Geeeeeez
Well who ever takes office now, we are screwed if Obama and his Administration are Impeached.
Seems I stated this last week when the gas shutoff was announced along with the sale off of dollars. The real crime is that nothing is being said on MSM about how badly the natural gas embargo will cripple Europe and the United Kingdom.
Foolish statements by some above about Obama….our military is weak along with our economy because of Bush’s unfunded wars primarily. Of course then too Obama won’t help the picture heh.
Prep hard and fast folks, cuz major ca ca is about to hit the fan this year.
Economy, what economy ?
Saudi Arabia is rich in finances, besides Russia and some parts of Europe.
Wayne thank you, someone is on the same page I am, but here is one more perspective idea, ISIS is the new military.
The dollar will fall in Sept Oct of this year. Its the end of a shemitah cycle.
Get off Wayne Owens if you don’t like it. No one was calling anyone names till you!
Oh please…quit rooting for the fascist Putin and support your President.
Putin and other countries are getting rid of the dollar. Everyone better start taking this stuff seriously.
I don’t think the sky is falling