The crash of the dollar is inevitable, it’s not a matter of if but simply a matter of when, but something that often gets overlooked is the US’s dependence on the petrodollar and what impact THAT might have on the US should it run into trouble.
If the Saudi Arabian regime decides to embrace a substantial amount of trade in currencies other than the dollar as part of its oil-export business, this would signal a major shift away from the dollar as the dominant currency in global oil payments. Or to put it another way, this would signal the end of the petrodollar.
In this video Dan Dicks of Press For Truth speaks with Frank Ingriselli, CEO of Trio-Petroleum about the formation of the BRICS nations and how the global oil trade could soon change if they continue to collectively reject the US dollar.
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