For the first time in nearly 50 years America starting to loose the petrodollar power grip it has on the rest of the world.
China and Russia have been working towards a gold back (oil) trade for quite some time now and are finally ready to cut out the petrodollar completely.
They have created the Belt and Road Initiative, a trade agreement with 65 other countries (and counting) that will use the yuan and gold for trade rather than the petrodollar.
They have created the Belt and Road Initiative, a trade agreement with 65 other countries (and counting) that will use the yuan and gold for trade rather than the petrodollar.
The United States isn't included in this initiative, by its governments own choice.
This is a very bad sign for what's about to come to Americans.
Their whole way of life is about to change and the government isn't even warning it's citizens about this potential coming crisis.
So when things change unexpectedly it will be very ugly for the unprepared masses.
And with Venezuela leaving the petrodollar for the gold backed yuan (for oil trade), you can feel a shift of power coming fast.
This is a very bad sign for what's about to come to Americans.
Their whole way of life is about to change and the government isn't even warning it's citizens about this potential coming crisis.
So when things change unexpectedly it will be very ugly for the unprepared masses.
And with Venezuela leaving the petrodollar for the gold backed yuan (for oil trade), you can feel a shift of power coming fast.
You have to understand that America makes a lot of it's money through currency exchanges. Since they force the entire world trade oil with American Dollars (petrodollar), they make a nice fee every time a countries exchanges it's currency for petrodollars to pay for goods. So if the petrodollar dies this country will decline extremely fast.
America is a country that survives on consumerism, and when the money dries up the party will all be over.
Many of the manufacturing jobs have relocated to other countries to save on the ridiculously high taxes that crush businesses.
Nearly everything is imported from china and other countries while exporting very little of its own goods.
Having to trade in the petrodollar is what gives America its power, and that is changing rapidly.
Many of the manufacturing jobs have relocated to other countries to save on the ridiculously high taxes that crush businesses.
Nearly everything is imported from china and other countries while exporting very little of its own goods.
Having to trade in the petrodollar is what gives America its power, and that is changing rapidly.
Americas greatest "asset" is it's student loan DEBT.
Now correct me if I'm wrong but debt is not an asset.
Assets are tangible items that can be turned into cash if needed (as·set ˈaset/ - PROPERTY owned by a person or company, regarded as having value and AVAILABLE to meet debts, commitments, or legacies).
I don't consider Debt without property as an asset, especially considering people can't afford to pay it back.
Now correct me if I'm wrong but debt is not an asset.
Assets are tangible items that can be turned into cash if needed (as·set ˈaset/ - PROPERTY owned by a person or company, regarded as having value and AVAILABLE to meet debts, commitments, or legacies).
I don't consider Debt without property as an asset, especially considering people can't afford to pay it back.
Unfortunately I don't see a way out of this mess and I don't think it is going to end well for many unprepared Americans.
The Petrodollar is dying, and along with it is Americas rein on the rest of the world.
Get ready for change!
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