Analyst Roberts: the refusal of countries to petrodollar will lead to disaster in America
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Craig Roberts said that the refusal of some countries from the petrodollar could lead to catastrophic events in the United States of America.
Paul Craig Roberts, a White House official during the Ronald Reagan administration, said that the refusal of some countries, including Saudi Arabia, from the petrodollar could lead to catastrophic events in the United States of America.
The important announcement, he said, is Saudi Arabia’s announcement that the country’s authorities are open to accepting payments for oil in currencies other than the dollar.
“I believe that the end of the petrodollar will have a serious negative impact on the value of the dollar, inflation and interest rates in America,” Roberts said.
He clarified that the financial policy of the White House, aimed at imposing sanctions and confiscation of assets, undermined the position of the dollar.
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