The Movement to Dethrone the Petrodollar Is Already Underway
===============
#7a21bb5d ver:0.56
The termination of the petrodollar agreement between Saudi Arabia and the US marks a major shift in global economic dynamics. It could weaken the US dollar, leading to higher inflation, interest rates, and a weaker bond market. Saudi Arabia's move aligns with its participation in a China-dominated digital currency trial, while Russia plans to create a new payments system bypassing the dollar. These coordinated efforts by Moscow and Beijing accelerate the 'de-dollarisation' process and question the future of the dollar as the world's leading reserve currency. The US energy and financial sectors may be greatly affected, highlighting the need for the US to adapt to changing power dynamics. #Petrodollar #DeDollarisation #GlobalEconomy...
#newstr #Petrodollar #Dedollarization #OilTrade #SaudiArabia #UsDollar #ProjectMbridge #CentralBankDigitalCurrency #BricsPaymentsSystem #UsEnergySector #FinancialSector
https://here.news/story/7a21bb5d?ver=0.56
De-dollarization and BRICS’ ascendancy: The Decline of the USD as a Global Reserve Currency /
npub178…gydu6
2024-06-15 02:57:42
Author Public Key
npub178m4hxer5f7wwyc2mr5zhyn9wrqm7j9vm0n2av547rtsx35gf96svgydu6Published at
2024-06-15 02:57:42Event JSON
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"content": "The Movement to Dethrone the Petrodollar Is Already Underway\n===============\t\n#7a21bb5d ver:0.56\n\nThe termination of the petrodollar agreement between Saudi Arabia and the US marks a major shift in global economic dynamics. It could weaken the US dollar, leading to higher inflation, interest rates, and a weaker bond market. Saudi Arabia's move aligns with its participation in a China-dominated digital currency trial, while Russia plans to create a new payments system bypassing the dollar. These coordinated efforts by Moscow and Beijing accelerate the 'de-dollarisation' process and question the future of the dollar as the world's leading reserve currency. The US energy and financial sectors may be greatly affected, highlighting the need for the US to adapt to changing power dynamics. #Petrodollar #DeDollarisation #GlobalEconomy...\n\n#newstr #Petrodollar #Dedollarization #OilTrade #SaudiArabia #UsDollar #ProjectMbridge #CentralBankDigitalCurrency #BricsPaymentsSystem #UsEnergySector #FinancialSector \n\n https://here.news/story/7a21bb5d?ver=0.56",
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