The dollar’s hegemony, which for decades was protected by the dominance of the “petrodollar,” is now facing an existential threat that cannot be questioned. Indeed, the escalating conflict with Iran is not just a regional dispute, but the catalyst that triggers the dissolution of the historic 1974 agreement. With the cracks in the Middle Eastern …
Tag: petrodollar
New world order is coming with Cryptocurrencies, Gold and BRICS
More and more are sounding the alarm about the exploding US national debt, now approaching $35 trillion, or 120% of GDP. Interest payments have become the biggest burden on the national budget, followed by defense spending and transfer payments. In early June, former US House Speaker Paul Ryan proposed that the US government accept stablecoins, …