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Keyword: decliningamerican

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  • The End Of The Petrodollar Is The End Of America’s Global Dominance

    06/17/2024 5:56:50 AM PDT · by Heartlander · 30 replies
    The Federalist ^ | June 17, 2024 | Daniel Turner
    The End Of The Petrodollar Is The End Of America’s Global DominanceEvery nation has had to convert its currency to the U.S. dollar, making it the de facto global currency. Thanks to Joe Biden, it’s all gone.The petrodollar agreement with Saudi Arabia began in 1974, two years into Joe Biden’s first term as a United States senator. It ended this week, a half-century later, during Biden’s first term as U.S. president. Among all the news stories that matter, few rank higher than this. It’s bigger than President Trump and Hunter Biden’s convictions, bigger than jobs reports and inflation numbers, and...