WITNESSING THE DEATH OF THE PETRO-DOLLAR

Source: The Burning Platform

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$39 trillion in national debt. $357,000 per taxpayer. Debt-to-GDP at 124% — double what it was in 2000. And that’s before the unfunded liabilities. North of $200 trillion when factoring Social Security, Medicare, federal pensions when you count what Washington has promised and has no intention of honoring.

The $39 trillion is only the part they admit to.

For decades none of this mattered because the petrodollar made it someone else’s problem. You print dollars, the world buys oil in dollars, the world needs dollars, buys your weapons and illusion of protection while the debt gets exported. That was the deal.

It worked as long as Hormuz was open, Gulf states were compliant, and nobody had an alternative. Iran closed the strait to Iranian hostile entities. The Gulf states are now openly questioning the protection racket.

China and Russia are settling trade in yuan and roubles. The Ponzi requires a captive audience and the audience is leaving.

Now add a war nobody voted for, with a guaranteed major recession, on top of a $1.7 trillion annual deficit, on top of oil at $109 a barrel feeding inflation into every household in America.

The debt was always a backdoor tax… slow, invisible, paid in purchasing power stolen from every wage earner. In a de facto world war with Hormuz locked to the West and the petrodollar dying, it stops being slow and invisible. This is what the bill looks like when the Ponzi meets self-inflicted reality.