The biggest hit is when the petro dollar looses it reserve status.. Russia is completing the pipeline to Germany. They won't be paying in US$....
The replacement will be a mixed bag of currencies. Russia, China, the US, etc..
Probably a 70% immediate loss of purchasing power when it happens.. The pieces are in place, it'll happen fast.
The replacement will be a mixed bag of currencies. Russia, China, the US, etc..
Probably a 70% immediate loss of purchasing power when it happens.. The pieces are in place, it'll happen fast.