No More Petro Dollar

Almost all oil on Earth has been priced in US dollars since 1971. It has been paid for in dollars from the United States. This gave the US an exorbitant privilege. More and more countries over the last couple of years have stopped using dollars to pay for oil. This means we are losing the petrodollar. If other countries don’t need to hold our currency to buy energy the dollars will flood back causing consumer price inflation in the United States. Buy hard assets now.