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Saudi Arabia wants to kill the petrodollar - economist

Written by Tony Harkén on fredag, 17 november 2017. Posted in Left 1, USA, Artiklar om USA, Left 1

The United States and Saudi Arabia are so interdependent that a rift would mean disaster for the petrodollar system and the greenback’s reserve currency status, warns economist Brandon Smith.

He is sure Riyadh is planning to ditch the dollar.

“I believe the next phase of the global economic reset will begin in part with the breaking of petrodollar dominance. An important element of my analysis on the strategic shift away from the petrodollar has been the symbiosis between the US and Saudi Arabia.

Saudi Arabia has been the single most important key to the dollar remaining as the petrocurrency from the very beginning,” Smith wrote in an article for his website Alt-market.com.

Read more at - https://on.rt.com/8seg

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