by Greg Hunter, USA Watchdog:

This past week, the so-called petrodollar officially died.  What does this mean to Americans?  The petrodollar ending will affect everything from interest rates and inflation to solvency of the Treasury market, and it can even affect whether the US survives as a country.  In short, the US dollar is dying, and that death just got kicked into overdrive.  Now that Saudi Arabia will accept many currencies for its oil, the world does not have to hold dollars.  Get ready for hard times as all these useless dollars find their way back to America.  When you have a lot of something, the price goes down.  The dollar will survive, but the buying power of it won’t be anything like it is today.