And the implications could not be worse for Americans.
Russia, China and India have decided to abandon the petrodollar.
For one main reason.
To get around the energy sanctions on Russian oil and gas.
Nations forming a sort of BRICS (Brazil, Russia, India, China, and South Africa) alliance have banded together to conduct trade among themselves in their own currencies.
More recently, Saudi Arabia — one of the original OPEC cartel nations — has joined the BRICS nations as well.
The rumor mill expects the already weak US dollar to potentially collapse.
Which means every dollar you hold in a retirement account could instantly drop in value.
Thank you for subscribing to Insider Trades Daily, which covers the most recent insider buying and selling activity from Wall Street CEO's, CFO's, COO's and other insiders.
This message is a paid advertisement sent on behalf of Colonial Metals, a third-party advertiser of InsiderTrades.com and MarketBeat.
If you have questions about your subscription, feel free to contact our U.S. based support team via email at contact@marketbeat.com.
If you no longer wish to receive email from InsiderTrades.com, you can unsubscribe.
Post a Comment
Post a Comment