De-Dollarization: The Petrodollar Is Under Attack

The US dollar is a fiat currency backed by nothing.

If US citizens do not pay property taxes with US dollars, their homes will be taken away.

To buy oil in the Middle East, one needs to use US dollars, which is part of the petrodollar system.

If the value of the US dollar falls, inflation and interest rates will increase, and average wages for Americans will not keep pace, resulting in a decreased standard of living.

Countries globally are actively working to reduce their reliance on the US dollar, a process known as dedollarization.

As of early 2026, gold has become the world's largest central bank reserve asset, surpassing US treasuries for the first time in 30 years.

Central banks are diversifying away from the US dollar due to the weaponization of the US dollar, fiscal irresponsibility by the US government, and money printing by the Federal Reserve.

In 2022, following Russia's invasion of Ukraine, the United States and its allies froze hundreds of billions of dollars of Russia's foreign exchange reserves held in Western financial institutions.

The US national debt reached $39 trillion as of fiscal year 2025.

The Federal Reserve has been printing money to cover the deficit because there is insufficient demand from buyers for US treasuries.

There is an increase in bilateral trade agreements settled in local currencies and countries are experimenting with alternative payment systems.

The war in Iran is a war of choice by the US government for regime change, and it is also a proxy war against China.

The presenter from ClearValue Tax recommends buying gold, including physical gold, gold on the stock markets, or gold stocks (miners, royalty, streaming companies), as the best way to protect oneself from dedollarization.

Let's just say it's worth $5.

Like this year, the government's going to collect about $5 in taxes.

That's going to be terrible news for the US government who's in debts by $39 trillion, and that's going to be bad for Americans that are looking to get a mortgage or auto loan or student loans or whatever it may be.