Editorial — The Decline of the Petrodollar: How BRICS Challenges US Currency Dominance
My editorial ran today in the Moscow-Pullman Daily News. I’m predicting the demise of the US dollar as the world’s reserve currency. This is a big deal. The US could never carry a $95 trillion debt (and another off-the-books $171 trillion in unfunded liabilities) if we were not the petrodollar. Let me know what you […]
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