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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I dont like to see this stuff either. But. We have people on office that use everyresource and every advantage for their own benefit without considering the cost and what it has done to the economy. Spend,spend.spend!
Dan, you are the master of doom and gloom. How many of these warnings have you posted over the past five years? This post cannot occur because your last post said the economy will be wiped out this past July. Someday after posting enough of these 5you may be right—–but I hope not..
Obama thinks it a real chess game
It will outlast you.
Just how long do you simmer gold before eating? Russia is well on it’s way to the Czarist days, leading them on the circle route to revolution. You must remember that winter is coming to Russia as well as Europe and they need the income from gas sales to keep food flowing.
Yea Dan Snyder economy will collapse. Got some more bad news for ya. YAH coming to get his people
You go Putin
No its the end of the federal Reserve note not the spirit of the American people we can jail all the corrupt people end the fed . And reboot wipe it a out and start it all over again , all of the debt created is o. The back of the federal Reserve not we the people , so grab you’re torches and let’s go get the and their assets seize them and pay it all off !
Of course he wasn’t just throwing words around .
I don’t know why everyone, including his Highness the Emperor of Nothing is so surprised.