The Saudi's are pissed at the Americans for not going to war in Syria. Now we ask the question is the PetroDollar finished? Remember, the agreement between the Saudi's and Americans rests upon the PetroDollar. The Saudi's buy our treasuries, while the U.S. provides military support for the Saudi's. Will the Saudi's dump dollars into the market, and others as well? I don't think right now, but we are setting the stage if the U.S. continues to debase their currency and rub countries the wrong way.
I bring on John Manfreda from Wall St for Main St again to discuss this.
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