The Petrodollar system may be starting to unravel:
It’s just an urban legend that there’s an “ancient Chinese curse” of May You Live In Interesting Times, but we do seem to be living in them.
Donald Trump is certainly not the first President to have weaponized the U.S. Dollar and the SWIFT network. But might he be the last able to do so? Many American adversaries have been building systems of international trade that bypass SWIFT (nominally Belgian, but cowed into submission by American threats) and trade in U.S. dollars before Trump took office, but now traditional American allies are doing the same.
What might happen if the USD’s status as the world’s reserve currency were to quickly unravel?
I feel the Petrodollar , it is would not end !
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