De-Dollarization Spikes - Venezuela Stops Accepting Dollars For Oil Payments

CampeadorCampeador Posts: 221 Bronze ✭✭✭
Does anybody understand what is going on? For the ones that cannot connect the dots. The Petrodollar is sinking like a a lead balloon. Taking one of the largest producer producer of oil from the Dollar is going to hurt. Those extra pieces of confetti will come back to the USA. That will decrease the purchasing power of the Dollar. Also, will open another front for the USA. I bet somewhere in the news a piece, will come out saying that Maduro has WMD or some other nonsense to send troops. If you think for a minute, the US has too many fronts, is going to spread itself way too thin....

Venezuela has officially stopped accepting US Dollars as payment for its crude oil exports.


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