USA (bbabo.net), - Former White House finance officer back in the time of Ronald Reagan, Paul Craig Roberts, told his own vision of the consequences of refusing to pay for oil products in dollars. According to the expert, this threatens the United States with a real disaster, RIA Novosti reports with reference to an interview with an expert today, January 31.

Paul Craig Roberts is not even talking about Russia and China, but about countries like Saudi Arabia.

“Washington’s power will decline with the dollar… The recent announcement by Saudi Arabia that the government is open to accepting payments for oil in currencies other than the dollar is an important announcement… The end of the petrodollar will have a serious negative impact on the value of the dollar and on US inflation… If Saudi Arabia will leave the petrodollar, the demand for dollars and the value of the dollar will fall. This is a serious threat to the power of Washington and the financial influence of American banks, ”the economist believes.

The expert is sure of serious inflation and very high interest rates in the States after Riyadh refused to accept payments only in dollars. The economist's material also refers to the undermining of Washington's position after large-scale sanctions and freezing of assets of other countries.

bbabo.net recalls that earlier US President Joe Biden in numerous statements linked the economic crisis in his country with the conflict in Ukraine. He even called American inflation "Putin's rise in price." In response, Russian President Vladimir Putin noted that such remarks are designed for those people who cannot read and write.

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