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The end of an era: Is the US petrodollar under threat?

Wednesday, November 5th 2014 - 06:43 UTC
Full article 10 comments

Recent trade deals and high-level cooperation between Russia and China have set off alarm bells in the West as policymakers and oil and gas executives watch the balance of power in global energy markets shift to the East. Read full article


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  • Anglotino

    Once heard this about the Yen.

    And the Euro.

    Nov 05th, 2014 - 09:43 am - Link - Report abuse 0
  • Brasileiro

    Westerners are so blind that they can not see what is happening.

    Western kick Argentina and South America. Westerners do not fulfill the agreements signed at the UN, IMF and World Bank, criminally maintaining multilateral organizations under their power.
    Westerners make war all the time, always lusting after more influence, power and energy.
    Westerners are extremely selfish and seek to subjugate other peoples through economic pressures demanding that all people act and think like them.

    It is time to change the world!

    Nov 05th, 2014 - 10:36 am - Link - Report abuse 0
  • Conqueror

    Can't see this. China and Russia re basically untrustworthy. Who would trust countries still aiming for world domination, more imperialism, theft of parts of free countries.

    We can ignore Brasileiro. First, he's a nutjob. Then, he may be able to read, but he can't comprehend. Just look at “Westerners are extremely selfish and seek to subjugate other peoples through economic pressures demanding that all people act and think like them”. And for how many countries has Britain made independence available. Just how many western nations have 'empires'? But argieland wants an empire. Brazil wants an empire. China wants an empire. Russia wants to recover its empire.

    Nov 05th, 2014 - 10:57 am - Link - Report abuse 0
  • Clyde15

    To continue in your lucid vein....“White man come, buffalo go ”

    Nov 05th, 2014 - 11:12 am - Link - Report abuse 0
  • Anglotino

    Brazil is more western than it is anything else.

    More western than China.
    More western than Russia.
    More western than India.

    Nov 05th, 2014 - 11:27 am - Link - Report abuse 0
  • ChrisR

    @ 5 Anglotino

    That is true, but they are still 'ruled' by a bunch of power mad crooks: just like China, just like Russia.

    The Yuan, yeah, that'll fly, NOT.

    Nov 05th, 2014 - 11:35 am - Link - Report abuse 0

    “Recent news coming out of Russia . . . ”

    That about sums up this poorly written, Russian-centric, dark conspiracy article.

    “ The end of the US Dollar is near ” Hah ! Tell that to the Russian Mafia. Do you think they bet on their own currency, so recently devalued ?

    Nov 05th, 2014 - 05:11 pm - Link - Report abuse 0
  • yankeeboy

    Putin is trying to outlaw the use of the U$.
    Yeah that's always gone so well where its been tried.

    When will the idiots ever learn?

    Nov 06th, 2014 - 03:05 pm - Link - Report abuse 0

    I read the Russian article details about the proposed bill to ban the USD.

    There are so many exceptions in that bill that the Russian government, in all departments, is 100% exempt. So it is intended towards sanctioning only the accounts of Russian citizens holding USD, world wide.

    We've seen this before in LATAM.

    Sounds like Argentina or Venezuela, and that worked out well, didn't it ?.

    Nov 06th, 2014 - 07:05 pm - Link - Report abuse 0
  • ilsen

    63.4% inflation.
    This year alone, and that is the official goverment figures!
    The 'dolar parallelo' is hitting 102 BSF / USD now !!!!!
    This can't end well.

    Nov 09th, 2014 - 03:48 am - Link - Report abuse 0

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