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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Wrong, it’s against the law to export crude oil. We can export refined products. Last year we past the 50% threshold, meaning we import less than 50% of our needs. Which is a good thing, but we export no crude oil
It’s Russia ‘ economy that is tanking
do the math; the way that the oil monopoly (OPEC) decided to lower the prices of sweet crude to make the price fall in Russia will soon be here in the USA. by the time this “oil plunge” will end we will be paying at the most $1.00 per gallon but everything else will go up.
I believe in miracles ,or i did , i believe in my country ,or i did, i believe in our government, or i did, l believed in world peace, or i did. Now i am an adult, all i believed as a child is gone i don’t even believe
David the Oil cost is already down in our Country. This has nothing to do with Russia
And we don’t even have a pipe in the ground
stop our governments outrageous spending & borrowing ! they did this
Include the Zionists too, they are NO friends of the United States!!
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The Big question , do you really believe what you read on this page ?