Month: June 2024

SAUDI ARABIA ABANDONS PETRODOLLAR! – The Phaser

The Petrodollar, which is probably the most important economic concept that the vast majority of Americans are completely ignorant of, is on its way out. Saudi Prince Mohammed bin Salman has refused to renew his nation’s agreement to sell oil in dollars with the United States, and the potential repercussions on the U.S. economy could be catastrophic.

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