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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Government is way too big, the hasn’t been any good since 1933 when they removed all the gold out the system. Only one problem we are the biggest consumers in the world of almost everything. We go down the world goes. I think it would be great to go back to barter and trading but I also they want leave us alone. They will find a to exploit us and our labor and many people are still asleep and have no clue of what is really happening.
Respect is earned
Keep saying that to yourself over and over you be fine
Just like Bush and Reagan
The United States is a fascist govt. Big Business controls it 100%.
A muslim
Achieved what?? I wasn’t under the impression the wheel needed to be reinvented. His term is not over you dolt.
Moreover, his attempts to reform out healthcare are a total backfire. His efforts in making us look like the weakest country in the world were a total success. His genius you say. How about his lack of conviction and his support of terrorism. Speak on that.
Well like I implied our loss!
Ha, ha just like Bush and Reagan!
why do we need a world reserve currency
WE DONT