First published by Money Metals Exchange here: https://www.moneymetals.com/news/2024/06/14/the-petrodollar-is-dead-and-thats-a-big-deal-003258
<p><img src='https://www.moneymetals.com/uploads/content/The-Petrodollar-Is-Dead-and-That-s-a-Big-Deal.jpg'/></p>While it didn&#039;t get big headlines, the demise of the petrodollar could mean big trouble for a U.S. government that depends on dollar dominance to support its borrowing and spending.