They want to sell oil in other currencies or gold. This may take 20 years to accomplish, if you ask me.
I believe the US government will become sufficiently desperate and implement the destructive measures that governments throughout the world and throughout history have all taken (overt capital controls, wealth confiscations, people controls, price and wage controls, pension nationalizations, etc.)
Replies to: "Well China, Russia, India, Venezuela among others want out of the US controlled Petrodollar system."
- The future of the Dollar as the World Reserve Currency is bleak [LINK]
- lmcdonald - 11:29am 9/17/22
(13) [View All]
- Another month must have passed. It’s another “the dollar is doomed” post. - LanceHarbor - 1:32pm 9/17/22
- We’ve heard that for 30+ years - Chris94 - 12:02pm 9/17/22
- Watch the video..... you may learn something. [NT] - lmcdonald - 12:37pm 9/17/22
- Dedollarization happened only after 2008 financial crisis. Dedollarization doesn't mean - Eli - 12:20pm 9/17/22
- GOLD...Fiat currencies are fading. I used to be a currency trader. Yen, Swiss Francs, Deutsche Marks [NT] - fredyo - 12:04pm 9/17/22
- That SWIFT decision to exclude the world largest energy exporter from dollar zone is the most - Eli - 11:55am 9/17/22
- Absolutely correct, most countries don't want the US to be able to freeze their dollar assets - lmcdonald - 12:41pm 9/17/22
- Yes, Dollar denominated transactions have decreased Worldwide and this trend increasing rapidly [NT]
- lmcdonald - 12:44pm 9/17/22
- Rapidly! - LanceHarbor - 1:27pm 9/17/22
- Yes, Dollar denominated transactions have decreased Worldwide and this trend increasing rapidly [NT]
- lmcdonald - 12:44pm 9/17/22
- Yep...and Saudi Arabia signing a deal with Russia to eliminate the petrodollar is gonna' bite us. [NT] - fredyo - 12:02pm 9/17/22
- Absolutely correct, most countries don't want the US to be able to freeze their dollar assets - lmcdonald - 12:41pm 9/17/22
- Well China, Russia, India, Venezuela among others want out of the US controlled Petrodollar system. - fredyo - 11:41am 9/17/22
- We don't have any ally among big energy countries after losing Saudi. Our ally Europe is shrinking - Eli - 12:08pm 9/17/22
- Yep and China is run by a military regime that wants to dominate the world. - fredyo - 12:48pm 9/17/22
- We don't have any ally among big energy countries after losing Saudi. Our ally Europe is shrinking - Eli - 12:08pm 9/17/22