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20 Year Radio Veteran, Sean Anthony is the Host of "Flow of Wisdom Radio." It airs live Sundays 3p-5p EST on the GCN Radio Networks (gcnlive.com.) Call in 877-300-7645. He is also the author of "Conversations With Hip Hop" available on Amazon.com

RUSSIA JUST PULLED ITSELF OUT OF THE PETRODOLLAR

Christian Patriots

Rapidly shaping up as the most illiquid market in history

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Image Credits: Αντώνης Σαμαράς Πρωθυπουργός της Ελλάδας / Flickr

Back in November, before most grasped just how serious the collapse in crude was (and would become, as well as its massive implications), we wrote “How The Petrodollar Quietly Died, And Nobody Noticed“, because for the first time in almost two decades, energy-exporting countries would pull their “petrodollars” out of world markets in 2015.

This empirical death of Petrodollar followed years of windfalls for oil exporters such as Russia, Angola, Saudi Arabia and Nigeria. Much of that money found its way into financial markets, helping to boost asset prices and keep the cost of borrowing down, through so-called petrodollar recycling.

We added that in 2014 “the oil producers will effectively import capital amounting to $7.6 billion. By comparison, they exported $60 billion in 2013 and $248 billion in 2012…

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