The economic world is abuzz with the recent prediction by the enigmatic figure known as the Economic Ninja. In a bold statement, they have declared that the Petrodollar will be destroyed tomorrow, June 9th, 2024. But what does this mean for the global economy, and should we take this claim seriously? Let’s delve into the inner workings of the Petrodollar system and scrutinize the Economic Ninja’s arguments. The Petrodollar System: A Brief Overview To understand the potential destruction of the Petrodollar, we must first grasp its concept. The Petrodollar system was established in 1973 when the United States and Saudi…
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