The Petrodollar’s Influence On U.S. Foreign Policy
Saudi Arabia let it be known they are entertaining the idea of breaking away from the Petrodollar and may instead begin to use China’s currency.
This would have massive negative ramifications for the US economy if it happens. This is the system that really is the only thing backing the dollar up besides trust in your government. And you know how worthless that is.
Below is an article we did a few years ago about the Petrodollar to get you up to speed in case this is your first time hearing about it.
