Warning issued for petrodollar ...News

Refusal to use the greenback for oil payments around the world could undermine the US economy, a former White House official has said The US is facing serious economic risks as more countries around the globe move away from the dollar in energy trade, according to former White House official Paul Craig Roberts. Roberts, who served as US Assistant Secretary of the Treasury for Economic Policy during the Reagan administration, cautioned in an article published on Monday that the end of the petrodollar would have severe adverse effects on the value of the dollar, as well as on US inflation and interest rates. He poin

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