The book “Petrodollar Apocalypse: The Collapse of America’s Financial Empire and the Dawn of World War III” argues that the U.S. petrodollar system – established in 1974 to tie global oil trade to the dollar – is unsustainable due to eroding trust in the dollar and declining U.S. military dominance, similar to the British pound’s post-WWII decline. The petrodollar has been upheld through military and CIA interventions (e.g., Gulf War, Libya), but China’s naval expansion, Russia’s hypersonic missiles and BRICS’ gold-backed currency alternative (now including Saudi Arabia and Turkey) are rendering this enforcement obsolete. The petrodollar’s demise will trigger either hyperinflation (if…
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This article was originally published by Michael Snyder at The Economic Collapse Blog under the title: The Largest Supply Disruption…
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