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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Disinformation
They’re all in on it. All the G20 countries are.
It’s misinformation not disinformation. That is not a word. I’m not trying to be mean. If you are commenting on a post about politics and finances at least you can be armed with a vocabulary. You represent America and
People are cruel. I’d hate to see ya get dissed’ just because you didn’t know a word.
She doesn’t represent America, she’s from Slovakia and lives in the U.K.now so, not trying to be mean, but, be sure of what you’re saying before you say it
Brazil, Russia, India, China, and South Africa have pulled out of our Economy. They have created a economy backed by gold and silver. They have freed themselves from the federal reserve note which has no value, just compounds debt. Russia even offered to include the U.S. but J.P. Morgan and company rejected the offer and stated they would rather have our economy crash. Sucks.
Our economy is not dieing, even if oil stops trading in dollars, if it does happen our dollar will lose about 30% off its value, but we still feed half the planet, we have almost all of the elements on the periodic table here, we have a huge abundance of natural resources, we have the greatest infrastructure in the world, we have the most and best colleges and institutions, our companies put more money into research and development than the rest of the world combined so we will always be on the cutting edge of new technology. And our dollar is still the safety investment of the world
Impeach and prison
ba ba ba
He is protecting his nation while Obama forces all this muslim garbage on Americans because of the OIL in Syria. If he topples the Egyptian President then he can put his muslim brotherhood cronies into power and they all get a pipeline to sell their oil. The US will pay dearly by having to adopt and accept the muslim idiocracies in this nation over OIL! Hillary Clinton is knee deep in this also!
You stand corrected misinformation is a word and a noun. It means false information with the intent to mislead. Check Wikipedia …