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.
Post a Comment
Post a Comment