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Join the Trader University email list, before I get banned: In this video, I discuss the giant cracks forming in the petrodollar system. As the US continues to display its military incompetence, the backing of the US dollar by commodity trade and “proof of war“ is increasingly being called into question. China and Russia are both looking to move away from the US dollar when buying or selling crude oil. Saudi Arabia's new military alliance with Russia sets the stage for it being able to move away from selling crude oil strictly for US dollars. As we enter the 4th turning, we can see a new alignment of power taking place, setting the stage for hostilities between the US and a Russia/China/Saudi alliance. Not investment advice! Consult a financial advisor. Saddam sells oil for Euros: Qaddafi sells oil for Euros:
