On June 9 the pedro dollar agreement expires and Saudi Arabia has said that they will not renew the agreement with the US. The pedro dollar was established in 1979 when the US abandoned the gold standard. Without pedro dollar the USD is worth even less than it is already. now you know why everyone is buying gold like mad.
Act accordingly, get rid of excess dollar liquidity, fast.
Are you sure it's not called the josé dollar?
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They should call it the coca dollar.
