Petrodollars: Is The Crash Imminent?
June 14, 2014 [...]
The strong force keeping the dollar the World's reserve currency is showing signs of decay...
Will the petrodollar system resist the stress or is the demise imminent?
What would the consequences be?
Source: © iStock.com/makluk
In recent years, the trends have been pointing towards a weakening of the dollar-for-oil system.
But so far, the US dollar has still managed to remain above the surface.
More detailed material related to this subject can be accessed easily through this hub-page.
Prime Values will keep you updated with fresh developments concerning the petrodollars.
Will Put an End to the US Dollar
Should the petrodollar system dissolve or weaken substantially, the US dollar will go with it. But if this happens, it will be a gradually, step-by-step process.
Bypass the Petrodollar System
In response to the West-imposed financial sanctions, Russia will phase the dollars out from oil trade (and not only!).
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