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The Biggest Winners And Losers From The Petrodollar's Decline
The Biggest Winners And Losers From The Petrodollar's Decline
Authored by Nick Giambruno via InternationalMan.com,
The Iran war is straining US weapons stockpiles and raising doubts about Washington's ability to protect the Persian Gulf.
If that weakens the petrodollar and pushes oil producers away from the US financial system, two assets face clear headwinds: the US dollar and US Treasuries.
The petrodollar system helped create structural demand for both.
If oil exporters sell more energy outside the dollar system, fewer oil dollars need to flow back through Wall Street and into Treasury securities.
At the...
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Alaska Governor Vetoes Election Reform Bill Due To 'Significant Operational Burdens'
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Authored by Kimberly Hayek via The Epoch Times (emphasis ours),
Alaska Gov. Mike Dunleavy vetoed a major election reform bill on April 30, arguing it would place “significant operational burdens” on the state’s Division of Elections months before high-stakes statewide and federal contests.
Alaska Gov. Michael Dunleavy in Washington on Oct. 29, 2019. Samira Bouaou/The Epoch Times
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