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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Obama is helping Russia in anyway he can, he is a traitor to this country and needs placed against a wall and shot by a firing squad or do like his Muslim brothers do and cut he head off.
Putin is a better chessp player than Obama.
Suck That libtards! Now who’s going to give you the welfare check?
People get tired of being “pushed” around and start doing a little pushing themselves!!!
It’s coming like a ten ton freight train! Are these progressives and liberals ready???
If you keep putting BS on your site, I’m finding something else to read.
• $8 trillion in new national debt under Obama…after he promised to decrease the deficit.
• Obamacare — A massive and incredibly convoluted bill which exponentially increases the federal government’s control over our personal
lives…which neither Obama nor a single Democrat even read before passing, and which will likely bankrupt the nation.
• In both the 2008 and 2012 presidential elections, the Obama campaign purposely disabled the credit card verification system for its Web site donations, allowing anyone from any foreign country to donate with no limit and no proof of identity; in both elections it was
demonstrated that people overseas and people with obviously false identities were able to donate to Obama campaign, in direct violation of several laws. To this day it is not known what percentage of Obama’s campaign funds are illegally obtained, since there is no documentation.
• Billions of taxpayer dollars gambled on “green” companies like Solyndra, NextEra, Ener1, Solar Trust and many others — all of which went bankrupt.
• An intentional refusal to enforce federal immigration laws. I c
I can go on and on about this traitor!
This is a prediction, so who is the economist that is predicting this and where is the data? I have read that Russia is the country that is going to struggle economically because of the sanctions. Sanctions take longer than war. If the dollar goes down the hill, it will be China’s currency that will replace ours as the “standard.” I have read before that we are staying solvent by just “printing” money. I don’t think that is the way our treasury actually manages money.
Putin is showing Obama who is boss. If he can’t win, he’ll destroy America in the process.