« Head of LGBT Maryland Dems Sent Nudes, Rape Fantasy Texts to Minor. | Pentagon has ‘nothing to say’ about strike on Crimean beach with US-supplied weapons » |
Link: https://www.rt.com/business/599637-us-dollar-oil-deal/
The petrodollar has entered a long twilight from which there will be no return. No other economic arrangement has done more to ensure American preeminence over the last half-century. Yet in its essence it represented an implicit oil backing to the dollar that would be maintained. To borrow an idea originally expressed by financial analyst Luke Gromen, it is ultimately America’s inability and unwillingness to maintain this backing that is gradually dooming the system.