End Of PetroDollar! Will Dollar be replaced now?
In each episode of "Crypto Ki Taaza Khabar," Kashif breaks down the most important news and developments in crypto and Web3.
In this eye-opening video, we discuss the shifts in global economic power and the decline of the petrodollar system. We explore how China, Saudi Arabia, and the BRICS nations are paving the way for a new world order, challenging the dominance of the US dollar in international trade.
The historical significance of the petrodollar system.
China's strategic moves and its Belt and Road Initiative.
Saudi Arabia's growing alliances with Eastern powers.
The rise of BRICS and their collective impact on global finance.
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Links:
Secret Petrodollar Deal: Real Reason Behind The Iraq Invasion
https://empirediaries.com/2023/03/15/...
The US dollar’s dominance in global trade and finance is steadily declining
https://ctmfile.com/story/the-us-doll...
Nixon and the End of the Bretton Woods System, 1971–1973
https://history.state.gov/milestones/...
Vietnam War
https://en.wikipedia.org/wiki/Vietnam...
Has a 50-Year-Old Saudi Arabia-USA 'PetroDollar' Deal Ended? Here's What We Know
https://www.thequint.com/news/webqoof...
U.N. to let Iraq sell oil for euros, not dollars
https://edition.cnn.com/2000/WORLD/me...
Grabbing $300 billion of Russian assets is no panacea, West cautions in Davos
https://www.reuters.com/world/europe/....
China defies sanctions to make Russia its biggest oil supplier in 2023
https://www.reuters.com/business/ener...
China ramps up de-dollarization efforts by dumping a record amount of US bonds
https://finance.yahoo.com/news/china-....
China’s Massive Belt and Road Initiative
https://www.cfr.org/backgrounder/chin...
Saudi Arabia Considers Accepting Yuan Instead of Dollars for Chinese Oil Sales
https://www.wsj.com/articles/saudi-ar...
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Disclaimer:
Neither Bitinning, nor any of its personnel, representatives, agents, or independent contractors are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties is providing investment, financial, legal, or tax advice, and nothing in this video should be construed as such by you. This video should be used as an educational tool only and are not a replacement for professional investment advice.