The UNTHINKABLE is Happening to the Petrodollar...Right Now
Ships are still moving through the Strait of Hormuz. They're just not paying in dollars anymore. Iran is charging passage in Chinese yuan, and even Bloomberg had to admit the world "still hasn't grasped the severity of the situation." They're right. Because this isn't an oil story. It's a dollar story.
The petrodollar system has been the hidden backbone of dollar dominance since 1971. The whole thing runs on one assumption: the world needs dollars to buy oil. The second that assumption breaks, dollar demand drops, Treasury demand drops, yields spike, and the debt doom loop accelerates. Last week, auctions for two, five, and seven-year Treasury notes all showed weak demand. The structural breakdown isn't theoretical. It's on the tape.
Taylor Kenney breaks down exactly how the Strait of Hormuz becomes the pin that pops it all. And why everything touching the dollar, stocks, annuities, mutual funds, savings, is in the blast radius.
Who exactly benefits when the world learns to route around the dollar? And who gets left holding the bag?
About ITM Trading: ITM Trading has spent nearly 30 years helping clients prepare for monetary resets, inflation, and systemic risk using physical gold and silver. We focus on education, historical context, and strategies designed to protect wealth when trust in the system breaks down.