the party's over and now we're just waiting for the cleanup crew to arrive; 

US global power rests on a few key pillars, some of the most important of which are:

(A) Dollar dominance in trade,

(B) dollar dominance in investment and finance,

(C) physical (military) control on the supply of oil, and

(D) base agreements to further expand US military control in strategic (and oil producing) regions.

A key foundation for this global exercise of US power is the Saudi-US petro-dollar agreement from 1974.

Saudi Arabia has reportedly decided not to renew its 80-year petro-dollar deal with the U.S. This bad news for the US is censored in Western media, but is reported today by Times of India.......more.......