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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We have yes I said have unlimited oil resources here. Politics as usual along with activists prevent us from utilizing it. Putin is another sicko probably in with Obama to destroy America from within
OPEC is doing this to hurt Russia and Iran.
Pull all the food and everything else they import ! Let them try to eat their gas !!!
Like it says in the article, “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.” If American citizens believe that our problems with our economy are because of the Republicans, they are sadly mistaken. Our economy is a global economy, so when European countries start having larger deficits, ours go up also. The Russians are putting us in a very uncomfortable position by pulling out 60% of the oil that goes through the Ukraine. This will force gas prices to go back up and the economy will again start to crumble as prices on other goods and services start going up also.
Let’s face it. PUTIN do not just TOSS WORDS AROUND !!
Obama wish, the collasp of the American dollar, down grading America into a 3rd world nation,
Here it comes !
So where do we turn when the dollar is worth pennies?
gas going back up
get ready…stuff is about to hit the fan