Well, that's about it. While momentum will carry the petrodollar quite a bit further (or so most people I know who understand this stuff tell me, and I like the logics they use), this puts a fork in it as the world's primary reserve currency, and that puts a fork in us.
All our trillions will come to buy only billions and then maybe even merely millions.
Gonna be bad when the wave truly crests. Could be soon, could be a few years out. I'd start buying and filling large gas containers.
Among many primary facets of global economics the USA has been blithely violating, is that when yours is the trusted global currency, you *don't* use it as a weapon. How would you like your credit union telling you that you can't shop at Safeway, only at Wal-Mart?
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