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 only thing propping up the US Dollar is a scheme of special arrangements such as this Saudi deal that was made to artificially create value for the Dollar when it divorced gold. The dollar truly has nothing backing it except your faith in it.