The Biden administration fell asleep at the wheel and failed to renew the commitment to the United States Dollar by the Saudis and the other members of OPEC. After 50 years of the Petrodollar arrangement, the member countries in the Persian Gulf have agreed to accept other currencies in exchange for oil, signaling a huge policy change that normally would have ended with the country being bombed, invaded, or both by the American Empire.
What is the role of the BRICS+ and Belt & Road Initiative in this move away from King Dollar, and does this mean that inflation inside of America is on the way? The multipolar world is starting to take shape, and the swing from the way things were in the 20th century is causing people to question how much longer the United States is going to be able to continue its monetary Ponzi scheme. The death of the Petrodollar only accelerates the process.
