Originally Posted by RummyBoy

It's very relevant as is the selling of US debt by many holders around the world. The Petrodollar is one of the pillars of US power, if you suddenly pull it away and there is nothing else to replace is then you can have issues. I don't believe it will go away so easily though, such things can take a very long time unless you have a major crisis....

Still, I do pretty much agree with Berwick on the overall trend and especially lack of overall awareness about whats happening: