The USA went off of the gold standard but needed some scarce commodity to safeguard the future faith I the US dollar:
the US would provide Saudi Arabia with security while Saudi Arabia would refuse to use anything except the US dollar for selling its oil - this new Petrodollar deal worked great.
Now that the Saudis are demonstrating they trust us so little, what is going to happen to the dollar..?
This nuclear news is extremely important and super super bad.
Agreed.
It could portend absolute disaster for the USA.
Within a year or so we'll see breaks by countries in Europe looking to deal in favor with Russia.
A complete disaster.