‘If Saudi Arabia decides to join with America’s enemies here and start trading oil in different currencies,’ the result will be ‘a complete implosion of the global economic system, but certainly the American economic system,’ Monica Crowley said.

A former assistant secretary of the U.S. Department of the Treasury has sounded an alarm warning that should Saudi Aribia begin trading oil in currencies other than the U.S. dollar, the results would include a “complete implosion” of the American and global economic system, “raging inflation,” the “end of the U.S. dollar,” and “the loss of your individual economic freedom.”

“If that were to happen, you’d be looking at sky-high inflation just raging Weimar Republic kind of inflation. If you think inflation is bad now, just wait. But more importantly, we would lose our economic dominance and we would lose our superpower status,” she said.

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