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
    1·
    2 years ago

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