For the first time in nearly 50 years America starting to loose the petrodollar power grip it has on the rest of the world.
China and Russia have been working towards a gold back (oil) trade for quite some time now and are finally ready to cut out the petrodollar completely.
They have created the Belt and Road Initiative, a trade agreement with 65 other countries (and counting) that will use the yuan and gold for trade rather than the petrodollar.
The United States isn't included in this initiative, by its governments own choice.
This is a very bad sign for what's about to come to Americans.
Their whole way of life is about to change and the government isn't even warning it's citizens about this potential coming crisis.
So when things change unexpectedly it will be very ugly for the unprepared masses.
And with Venezuela leaving the petrodollar for the gold backed yuan (for oil trade), you can feel a shift of power coming fast.
You have to understand that America makes a lot of it's money through currency exchanges. Since they force the entire world trade oil with American Dollars (petrodollar), they make a nice fee every time a countries exchanges it's currency for petrodollars to pay for goods. So if the petrodollar dies this country will decline extremely fast.
America is a country that survives on consumerism, and when the money dries up the party will all be over.
Many of the manufacturing jobs have relocated to other countries to save on the ridiculously high taxes that crush businesses.
Nearly everything is imported from china and other countries while exporting very little of its own goods.
Having to trade in the petrodollar is what gives America its power, and that is changing rapidly.
Americas greatest "asset" is it's student loan DEBT.
Now correct me if I'm wrong but debt is not an asset.
Assets are tangible items that can be turned into cash if needed (as·set ˈaset/ - PROPERTY owned by a person or company, regarded as having value and AVAILABLE to meet debts, commitments, or legacies).
I don't consider Debt without property as an asset, especially considering people can't afford to pay it back.
Unfortunately I don't see a way out of this mess and I don't think it is going to end well for many unprepared Americans.
The Petrodollar is dying, and along with it is Americas rein on the rest of the world.
Get ready for change!
Peace, Love n all that hippie shit
**these pictures were taken from google image.
Peace, Love n all that hippie shit...
Right On!
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:) thanks man..
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nice post I love the photos resteemed and upvoted keep up
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thank you, I really appreciate that :)
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But after all, Americans always have a solution to the problem with the dollar, this .....
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that is very true, the petrodollar is tied to the war machine that drives this economy. I just don't think we have the money to start and fund any other wars unless we choose a resource rich country and move in really quick to steal that countries gold and/or oil.
And with all these nukes around the world at the ready, I don't know if any country is willing to risk nuclear war.
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This post received a 1.6% upvote from @randowhale thanks to @moderndayhippie! To learn more, check out @randowhale 101 - Everything You Need to Know!
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Scary for the dollar?
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lol, love the picture!
but yeah, extremely scary for the dollar :/
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Maybe your post may not immediately get a lot of upvoted but I believe your continued hard work and effort will makes you success. Thank you @moderndayhippie
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thanks alot! i really appreciate the encouragement. :)
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crazy cool post. @modendayhippie lets keep in touch and make all this steem!
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This post received a 33.26% upvote from @morwhale team thanks to @moderndayhippie! For more information, click here! . this is @originalworks . steem @steemprice BTC
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$4352.71 USD/BTCVolume: 45637.34 BTC ($198645944.4 USD)Last Updated Sat Sep 30 23:39:09 2017Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
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I hear this all the time from people that want to see America do poorly. US currency is used because the government behind it, and the economy is more stable. This isn't going to change. Plus oil is in abundance right now. The cost is low, and usage is going down. It will take years for that to change dramatically. They saying goes, "they are a day late, and a dollar short." Russia and China have corrupt governments that western countries prefer not to deal with.
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did you even read my article or just the headline and then thought you knew enough to comment?
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I read the whole thing. It's not as if it was long. I have been reading stuff like this for years. Why would you even ask that?
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Yes, the cost of oil is low because of abundance, but that is not good for the petro dollar if u understand supply and demand.
65 countries HAVE ALREADY SIGNED TRADE AGREEMENTS to trade on the belt and road initiative and without the dollar, this IS starting to happen..
im trying to prepare people because I truly believe this.
I love this country and its citizens but im not going to eat the shit sandwhich the government is trying to feed me and im not going down without putting my 2 sense in..
and how dare u say i want to see this country do poorly, i am a DISABLED COMBAT VETERAN who served in TWO tours! And now because of my love for this country Im trying to warn the citizens of a huge problem!
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Ok calm down. I made a comment on a post. I would recommend that you stop buying into the crap RT and other sources tout. Russia's economy has had a decline. It's not a strong economy because it lacks transparency. I also said nothing about your service. I thank you for that. But there are tons of sources that try and denounce America. Plus the debt is high, yes. Most of that money is owed to Americans, not other countries. Plus compared to GDP percentage we are not as bad as most other countries.
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I didnt mean to freak out. Ive been having a shit week and i might have taken it out on u a bit. I apologize for that.
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No worries. Sorry you had a bad week. Look at the bright side, steem is up. :)
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Right! :) Thanks for being so cool man.. take care
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This is a very limited point of view. We import millions of pounds of steel. While the petro dollar may help the value of the dollar the strength of our dollar right now comes from the strength of our economy since most other places in the world are starting to slow down over the past couple of years.
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Yes our fiat currency is based off our gdp, but having to trade in the petro dollar is what gives america its top seat at the table to control tade.
You speak of the strength of economy but we are drowning in 20trillion debt! There are bubbles everywhere and states are stopping paying pension plans, how is that a strong economy?
Plus russias economy is doing fantastic. China has stopped accepting american dollars for payments on debts. And they have both been buying up gold like mad. Their money is now backed by gold, ours is backed by nothing.
I know this is a one sided limited view article, but the truth is that we are in major trouble and no one is willing to admit it.
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Yeah I see what youre saying.
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cmtzco has voted on behalf of @minnowpond. If you would like to recieve upvotes from minnowpond on all your posts, simply FOLLOW @minnowpond
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Congratulations! This post has been upvoted from the communal account, @minnowsupport, by moderndayhippie from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
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You Are An Excellent Steemian. This post has received a 12.50 % upvote from @steemthat Return the favor and SteemThat Person Back: @moderndayhippie.
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This post has received a 36.00 % upvote from @lovejuice thanks to: @moderndayhippie. They have officially sprayed their dank amps all over your post rewards. GOOD TIMES! Vote for Aggroed!
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This wonderful post has received a bellyrub 5.96 % upvote from @bellyrub thanks to this cool cat: @moderndayhippie. My pops @zeartul is one of your top steemit witness, if you like my bellyrubs please go vote for him, if you love what he is doing vote for this comment as well.
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You cheated! I should have gotten a $16.62 upvote but u waited more than 2hours past ur vote time.. please refund me my money take the upvote back and i promise i will never use ur service again. Thank u.
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How much was the upvote worth?! My post got 4.73 on it that is negative 1.27 sbd. i sent 6 sbd this is ridiculous
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$4.. i want a refund.. im never usin this lottery bot again.. nettybot did this same shit to me last week.. they literally CHEAT!
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Not a lotto bot bud, its an auction bot.
Different meaning If you don't understand don't use it.
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I do understand it. You held off the auction until it was profitable for u. That is called CHEATING!
are you saying you wont make this right with the proper upvote of $16sbd or refund me?
This was from dr otto at 41mins PAST voting time.
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tell me again how i dont understand how your cheating? you are caught red handed. just fix this and i will leave you alone forever. never to use ur bot again.
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or will the bitcoin dollar take the place of the petro dollar......, great post
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We could hope for that ;)
a decentralized trustless monetary system could change the world.
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The article is good, but there are many aspects to be discussed here before concluding. The main aspect would be the other OPEC countries and whether they will also dump the dollar. Another big economy like India has still not dumped the dollar. The Brazilian and Argentines have also not yet dumped the dollar. Japan is still a strong supporter of the USA. Even though the Russians and Chinese have started to build the road initiative the concerned countries have not dumped the dollar yet. So this might be the beginning of the end of the monopoly of the dollar, but there would be resistance. And there might be wars as well. But, it has begun, it already has the cyrpto currencies are one of the indications. China's move is another. We can go on but, in brief one can say "it's a beginning".
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You are welcome @moderndayhippie :)
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