Saudi Arabia JUST SHOCKED The World With Their NEW Oil Currency | DUMPS The Dollars

Saudi Arabia JUST SHOCKED The World Their NEW Oil Currency | DUMPS The Dollars #saudiarabia #oil #gas From the grand halls of the Kremlin to the bustling streets of Shanghai, the world is watching as the global financial system undergoes a massive shift. The two superpowers, Russia and China, have long been seen as challengers to the USA’s dominance. And now, they’re taking steps to break free from the grip of the US dollar. The US dollar has been the world’s reserve currency for decades. It’s been the backbone of the global financial system. But as more countries move away from the dollar, the US is losing its grip on the global economy. And now, Saudi Arabia, one of the world’s largest oil producers, is considering a move that could have a massive impact on the global financial system. The kingdom is looking to break away from the US dollar and trade oil in its own currency. These moves are not without challenges. Some see them as a challenge to the US’s global dominance, while others argue that it’s a necessary step towards a more equitable global financial system. If You Like This Video; Like, Share, Comment And Subscribe. This Means A Lot To Us! Thanks For Watching Our Video; Saudi Arabia JUST SHOCKED The World Their NEW Oil Currency | DUMPS The Dollars The US has always been the dominant power in the global economy, and it’s used that power to influence the policies and decisions of other countries. But as more countries move away from the dollar, the US will have to find new ways to exert its influence. The debate over the future of the global financial system is heating up. Some believe that the US will fight tooth and nail to maintain the dollar’s dominance. Others think that it’s inevitable that the dollar will lose its status as the world’s reserve currency. The US dollar’s dominance has been the backbone of the global financial system for decades. But as we’re seeing now, that dominance is being challenged like never before. It’s a fascinating time to be watching the global Arabia sells oil in Chinese yuan instead of US dollars China is making moves to buy oil in yuan instead of dollars, and now, Saudi Arabia, one of the world’s biggest oil producers, might just be willing to make the switch. The Wall Street Journal reports that negotiations between China and Saudi Arabia have surged and fallen over the last half-decade. but now they seem to be gaining traction. Saudi Arabia sells a quarter of its exports to China, and the prospect of selling them in yuan could be too tempting to resist. The petrodollar has been the cornerstone of the global financial system for decades. It’s been the foundation of the US’s geopolitical hegemony. But now, with China making moves to buy oil in yuan, the question is ever-present: what would the world look like if the petroyuan became the oil industry’s currency of choice? The implications of this potential shift are massive. With 80% of global oil transactions denominated in dollars, any damage to the dollar could have a ripple effect throughout the global economy. And with China’s growing economic power, the world is watching closely to see what happens next. The USA’s dominance over the global financial system has been challenged before, but this could be the most significant challenge yet. If Saudi Arabia starts selling oil in yuan, it could be the beginning of the end for the petrodollar. The world is on the edge of its seat as negotiations between China and Saudi Arabia continue. Will the petrodollar maintain its dominance, or will the petroyuan become the new global currency of the oil industry? Since 1974, the petrodollar system has bound Saudi Arabia to only conduct oil deals in dollars. This has greatly reinforced the strength and value of the dollar. However, the rise of the China-Russia front’s de-dollarization campaign has been eroding the petrodollar system’s power. China and Russia have been accelerating their efforts to build an independent financial network that’s not influenced by the US. This includes the adoption of yuan-ruble deals in bilateral trade. With Saudi Arabia shifting away from dollar-denominated transactions, the traditional financial system could be disrupted. During a virtual summit in November 2021, Chinese President Xi Jinping and Russian President Vladimir Putin pledged to accelerate efforts to build an independent financial network. The goal of the network is to operate free from US influence. This signaled their intention to withdraw from dollar-denominated transactions. The US imposed sanctions on Russia for its invasion of Ukraine, which aimed to exclude the country from the international financial network. In response, China and Russia shifted to the widespread adoption of yuan-ruble deals in bilateral trade. More Details In The Video