The days of the petrodollar – the U.S. dollar as the universal currency of exchange on the world market – may be coming to an end, the latest piece of evidence coming from Germany and Italy, which have both made moves to make future natural gas purchases from Russia using the ruble rather than the dollar.
Jimmy and American comedian Kurt Metzger discuss the likely waning of the dollar in the international marketplace and how the Ukraine war is merely accelerating the dollar’s decline, along with the U.S.’s.