The petrodollar is dying very fast. Much faster than anyone expected.
"Saudi Arabia has entered a trade alliance with China, Russia, India, Pakistan, and four central Asian nations. Moreover, the development arrives after news of the first yuan-settled energy trade, further lessening international reliance on the US dollar."
Not really surprised. The current US administration has done everything they can to piss off Saudi Arabia.
Maybe sooner than expected. Many people expected the collapse to be very fast.
It will go slow than all at once. The first is near tue end the seconde in one or 2 weeks???
Most ppl are in for a rude awakening.
Iβd this what accelerates hyperinflation?!?
Honestly I'm surprised it took this long
its happening since more than 3to5yrs now - more openly in media ! gloves r off !
Seems like the American Age has come to an end. +100 yrs of dollar dominance and other nation is going to take its flag ahead and continue this eternal fight
Rip petrodollar. 1971-2023.
