158 The End of the Petro Dollar??? (www.bizcommunity.com) 💵 Bank & Dollar Collapse 💸 posted 212 days ago by ModernMan1 212 days ago by ModernMan1 +158 / -0 Saudi Arabia's petro-dollar exit: A global finance paradigm shift Saudi Arabia's decision to end its 50-year petro-dollar deal signals a shift in global finance, with implications for currency and digital transactions... 79 comments share 79 comments share save hide report block hide replies
The FRN is still backed by aircraft carriers, but this will mean inflation and things will get worse until a new metals backed system is in place or state banks with metal backed currencies.