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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And what does any of that have to do with our economy is supposedly dieing, and our companies do put more into r and r than the world combined. Almost every new product and medical breakthroughs were developed in America
I agree since when are we at war with Iceland and Hungary???
Gotcha -thanks
And yea ryan, what countries export food like America does
Keep following along blindly.
I thought they had done that at the same time as China. Regardless the comments on this post are amusing.
I just know how people get- and I was trying to be nice but everybody is a critic. So, I expect some replies.
It’s amazing how ignorant people are. I’m not speaking of this article but about the people posting on it. Open your eyes and WAKE UP PEOPLE!!!
Very
China will be next to pull out of the petrodollar and then were sunk