BOOM! Saudi Arabia Announces End of US Petro Dollar
(halturnerradioshow.com)
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This is fucking horrible. Our entire currency is valued specifically because it is the world currency for oil trade. EVERYONE BUYS OIL WITH THE USD, so right now everyone has an insane amount of WORTHLESS USD that is experiencing inflation on top of their already worthless currencies that are experiencing their own even worse inflation. This is going to lead to further inflation for everyone else as they're left holding the bag of worthless USD and make our life, and anyone else who holds bonds, miserable as our treasury bonds CRASH.
Our dollar is worthless and now our debt (how we make more dollars) is worthless. This is FUCKED, STOCK UP ON SUPPLIES NOW WHILE THE DOLLAR IS WORTH A DAMN!!!!!
I don’t know why anyone would downvote this comment 🤷♂️ We knew this was eventually going to happen and hopefully prepared for it but 95% of US citizens don’t even know how to balance their checkbook let alone prepare for a severe recession or depression. As a child I listened to my Great Grandparents talk of the depression hardships and I can tell you right now that if this happens lord help us….
Because people don't want to admit that they have to feel the pain too before we hit the precipice. They think because they know something is going to happen, that they'll be fine. Oh well, we tried to warn them.