The Collapse Of The Petrodollar: Oil Exporters Are Dumping US Assets At A Record Pace | Zero Hedge

The Collapse Of The Petrodollar: Oil Exporters Are Dumping US Assets At A Record Pace | Zero Hedge



Back in November we chronicled the (quiet) death of the Petrodollar, the system that has buttressed USD hegemony for decades by ensuring that oil producers recycled their dollar proceeds into still more USD assets creating a very convenient (if your printing press mints dollars) self-fulfilling prophecy that has effectively underwritten the dollar’s reserve status in the post WWII era. Here’s what we said last year:



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