This more than anything keeps me up at night
6 months ago
15.4K
Perhaps I'm wrong, but I see a one-way ticket to poverty for Americans and the US dollar. BRIC's nations in coordination with Saudia Arabia are now selling oil in multiple denominations and they're backing it with gold.
The ONLY thing that's kept the US prosperous since getting off the gold convertibility in 1971 is the petrodollar and now it's toast.
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