158 The End of the Petro Dollar??? (www.bizcommunity.com) 💵 Bank & Dollar Collapse 💸 posted 155 days ago by ModernMan1 155 days ago by ModernMan1 +158 / -0 Saudi Arabia's petro-dollar exit: A global finance paradigm shift Saudi Arabia's decision to end its 50-year petro-dollar deal signals a shift in global finance, with implications for currency and digital transactions... 79 comments share 79 comments share save hide report block hide replies
Well, that’s an interesting theory. Here’s another one, the value of the petro dollar will crater because it will lose its worth because it will no longer be the global reserve currency.
And what are countries going to use instead? Euros? Chinese Yuan? Rubles? All of these are a joke compared to the dollar.
Do you remember when the British sterling was the global currency?