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Petrodollar

USD Is Still King of All Currencies Despite Fears of It Losing Global Dominance

‘In the end, the USD’s centrality to the system of global payments also increases the power of sanctions it imposes on other countries or individuals. In truth, since almost all trade is done in American dollars, even trade among other…
Petroleum,,Petrodollar,And,Crude,Oil,Concept,,Oil,Pump,On,Background

Putin Takes on the Petrodollar

The petrodollar system, as can be seen, is the backbone of US hegemony in the world. And whenever a world leader has seriously challenged the system, the US and its NATO allies have been swift to respond to ensure US…

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