The U.S. Is Facing A Major Challenge As Petrodollar Loses Force | OilPrice.com
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In a press conference on January 17, Saudi Finance Minister al-Jadaan signaled that his country is open to trade crude in other currencies than the dollar, a signal that the petrodollar is no longer the one-and-only currency in energy trade

It will probably continue to outlive its welcome, but the storyline regarding Saudi Arabia and the seemingly terminally ill petrodollar gives us hope that US hegemony cannot last forever. It’s fun that the Mises Institute is concerned lol

  • Soviet Snake
    51·
    2 years ago

    I’m being paid in dollars this year so I hope it lasts till the end of the year tho, but yeah

    • CountryBreakfastOP
      4·
      2 years ago

      No way it collapes within the next year. Maybe 5-10?

      There could be some kind of solution that is presented that prolongs the dollar but the war in Ukraine has emboldened BRICS to be more proactive in establishing an alternative and Saudi Arabia falling out with the US suggests the petrodollar is dying. The petrodollar collapse is like the canary dying in a mine, it doesn’t mean the immediate collapes of the dollar but it signals real danger ahead.

      • Soviet Snake
        1·
        2 years ago

        Ah, then I stay calm, since that’s the only thing that guarantees my wage is more or less useful.