BRICS has formally announced that they will be accepting Argentina, Iran, Saudi Arabia, Egypt, and the United Arab Emirates into their grouping.
The petrodollar is dead.
Once this gets up and running, not now but in short time the dollar will slowly be replaced as the
world currency, the U.S. will be in for an awakening and it will hurt this country in a big way.
Once the dollar is not the reserve currency anymore we will be hurting as we have been lucky
up to now that our dollar was the reserve currency, once it is not we are fucked!
You think inflation and standard of living is tough now, wait to when the dollar is not the
reserve currency anymore.