The big question none seem to have an answer for is, if the US Dollar is no longer the petro currency, which currency will be the replacement.
China has tried this, but no country in their right mind trusts the ChiComs.
Until a viable replacement comes along the dollar will remain. I think the world is smart enough to know that nobama has only a few years remaining and as they watch the wheels come off the liberal’s agenda, the world also knows nobama’s ability to wreck much more is rapidly becoming unsupported by even his previous backers.
first of all, does the world need a replacement? All China, Russia, Iran, and saudi Arabia need to do is engage in petro trading in yuan amongst themselves and it’s kind of liking kicking over the first domino. Secondly, we have to remember that this is only about currency on the surface. Dig down deeper, and it’s about global power.