Jack Straw
@JackStr42679640
On Sunday, June 9, 2024, a “Black Swan” event is anticipated as the Petrodollar comes to an end, leading to a collapse of the global financial system.
With no need for nations to hold U.S. Treasuries as a global reserve asset for oil trade, the U.S. Treasury bond market, which relies on the world’s demand for dollar reserves (off-balance-sheet dollars), will face severe disruption. The termination of the Petrodollar on June 9th eliminates the necessity for countries to maintain U.S. Treasuries as the global reserve asset in oil trade.
Consequently, the Japanese yen is expected to hyper-inflate against their U.S. Treasury holdings, forcing Japan to liquidate all their dollars.
