Petro-Dollar System Crumbles: US Dollar Could Collapse from the World’s Oil Wars

During the last few days, people witnessed history when the price of crude oil dropped below zero to -$40 per barrel, and as time passes many analysts think the worst is yet to come. After West Texas Intermediate (WTI) oil-based contracts dried up for May, contracts for June collapsed by 45%. Experts say that the continued sell-off shows the oil problems are not going away and the severe issues could ultimately destroy the U.S. dollar. Since 1944, the USD has been propped up by the petro-dollar scheme and with oil prices below zero, the dollar could easily collapse.

With the Petro-Dollar System Devastated, the U.S. Dollar Is More Fragile Than Ever

Free market advocates, gold bugs, and cryptocurrency proponents have always said that today’s monetary system was immoral and manipulated. Of all the countries in the world, U.S. leaders have been some of the worst manipulators in history and the nation’s super-powers may be coming to an end. The U.S. government has blamed the…