what a strange time ... I use to argue on the side that the USD will always have a relevance ... now these wing-nut videos don't seem so crazy...
https://www.youtube.com/watch?v=kfxKOfm-PDI
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It's all riding on Saudi Arabia honestly.
They haven't renewed the petro dollar agreement.
They haven't started accepting Russian ruble or Chinese yuan yet.
But by all accounts they will soon and USD won't be the reserve oil trading currency and that's pretty much the only thing holding the USD up.