Saudi Arabia Drops the Petrodollar: Another Blow to the U.S. Economy

Adding to the continued "no confidence" votes in the current state of the U.S. economy and dollar, Saudi Arabia is poised to not renew a 50-year petrodollar agreement with the US. This will allow the wealthy Middle East nation to trade petroleum in any currency. This coincides with a growing dedollarization movement. Swiss America CEO Dean Heskin and Chris Agelastos break down what happened and what this means for the U.S. economy, shifting global economic landscape and the dollar on the Secret War on Cash.

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Articles referred to in this podcast:
https://www.bizcommunity.com/article/saudi-arabias-petro-dollar-exit-a-global-finance-paradigm-shift-670911a
https://www.islamicity.org/101965/saudi-arabia-just-ditched-the-u-s-dollar/