September 19, 2024

Financial analyst Jim Willie says Saudi Arabia may soon announce it will trade oil in other currencies soon.  Anything that affects the end of the petrodollar’s exclusive use in the global oil trade means higher prices in America, as dollars will be worth less than ones in high demand.

What if they flat out REJECT dollars, and will only take Chinese Yuan or Russian Rubles?  Then trillions of unwanted dollars are going to be redeemed for stuff while other nations think they can still get the high value of the world’s (former) reserve currency.  America would experience hyperinflation… and much worse to follow.

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