π₯π₯π₯
The USD π΅ for oil expires on June 9, 2024 and wonβt be renewed!
π₯π₯π₯
(twitter.com)
π Notable
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Is this really a bad thing to kill the petro US Dollar? We did just fine without it before the 70βs. It just replaced bullion since bullion was getting scarce, To me there has been a long term negative effect on our dollar dealing in petro and fiat dollars and being the reserve currency. Its called devaluation.
For everyone outside the USA, itβs fair and loooong overdue. It also pisses off the Fed sharks, which is good for real American people.
Personally I think it will be ggod for the USA in the long run. First step in a painful refurb of our currency here. Economics 101
Desired and hard to get products increase in value. Petro dollar is a hedge against a product that is converted into consumables. (Nothing left in the end) zero sum end value.