The Biggest Threat To Dollar Dominance

KW: News breaks that “Russian oil exporters are pressuring Western commodity traders to pay for Russian crude in euros and not dollars,” in an article from Oilprice.com. We saw a hint of this a few months ago when just one Russian oil company began asking for euros instead of dollars. Now it’s a whole bunch of Russian oil companies asking for euros. It’s now official mainstream newsfeed. No less than Yahoo News is running the story saying that anti-Russian sanctions will blow back on the U.S. and its precious dollar.

Indeed, when you weaponize the dollar, what do you expect? Consider the logic… What happens to most “weapons”? When you fire them off, they destroy themselves in the process of hitting a target. Here’s why the dollar is under a major threat today. Russia’s large oil companies are asking Western commodity traders to pay for their crude in Euros as Washington looks to slap more sanctions on Moscow

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