The Death of the Petrodollar: Shifting Power Dynamics and the Potential Weakening of the US Dollar
===============
#7a21bb5d ver:0.66
The expiration of the US-Saudi oil deal could weaken the petrodollar system and the global dominance of the US dollar. This decision may lead to higher inflation, increased interest rates, and a weakened bond market. Saudi Arabia exploring alternative currencies and joining BRICS countries could further decrease the demand for the US dollar. The impact extends beyond the petrodollar system, affecting the relationship between Saudi Arabia and the US, as well as the global financial system. The rise of the yuan poses a challenge to western currencies. This expiration could signal a shift in global power dynamics and the beginning of a "post-American" era. #Petrodollar #USdollar #GlobalFinance...
#newstr #SaudiArabia #UsOilDeal #PetrodollarSystem #GlobalDominance #UsDollar
https://here.news/story/7a21bb5d?ver=0.66
De-dollarization and BRICS’ ascendancy: The Decline of the USD as a Global Reserve Currency /
npub178…gydu6
2024-06-18 06:57:36
Author Public Key
npub178m4hxer5f7wwyc2mr5zhyn9wrqm7j9vm0n2av547rtsx35gf96svgydu6Published at
2024-06-18 06:57:36Event JSON
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"content": "The Death of the Petrodollar: Shifting Power Dynamics and the Potential Weakening of the US Dollar\n===============\t\n#7a21bb5d ver:0.66\n\nThe expiration of the US-Saudi oil deal could weaken the petrodollar system and the global dominance of the US dollar. This decision may lead to higher inflation, increased interest rates, and a weakened bond market. Saudi Arabia exploring alternative currencies and joining BRICS countries could further decrease the demand for the US dollar. The impact extends beyond the petrodollar system, affecting the relationship between Saudi Arabia and the US, as well as the global financial system. The rise of the yuan poses a challenge to western currencies. This expiration could signal a shift in global power dynamics and the beginning of a \"post-American\" era. #Petrodollar #USdollar #GlobalFinance...\n\n#newstr #SaudiArabia #UsOilDeal #PetrodollarSystem #GlobalDominance #UsDollar \n\n https://here.news/story/7a21bb5d?ver=0.66",
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