PetroDollar System In Trouble As Saudi Arabia Continues To Liquidate Foreign Exchange Reserves

Posted by on June 18th 2017 in Uncategorized | Be the first to comment!

The U.S. PetroDollar system is in serious trouble as the Middle East’s largest oil producer continues to suffer as the low oil price devastates its financial bottom line. Saudi Arabia, the key player in the PetroDollar system, continues to liquidate its foreign exchange reserves as the current price of oil is not covering the cost to produce oil as well as finance its national budget. …read more

Source:: GoldSeek

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