CD Media

Report: Saudi Arabia To Consider Taking Payment For Oil In Chinese Currency

Image by Planet Labs, Inc.

Please Follow us on GabMindsTelegramRumbleGab TVGETTR

Saudi Arabia is reportedly considering accepting the Chinese currency yuan instead of US dollars for Chinese oil sales, the WSJ reports.

This would be a blow to the post-WWII global financial order and the Bretton-Woods agreement, which made the USD the world’s trade and reserve currency for almost a century.

Losing reserve currency status would cause great harm to the American economy.

Enjoying reserve currency status for the USD allows the Federal Reserve to print money indiscriminately as there is always demand for our currency.

That may change soon overnight and we will become the Weimar Republic.

CDMedia is being targeted and obviously too effective! We need your support to put more reporters in the field! Help us here!  

Related posts

Isn’t It Interesting The ‘Second Wave’ Comes Right After Race Riots Fail? Markets Sell Off


Inflation: It’s Going To Get A Lot Worse Under OBiden

CD Media Staff

CHINA ECONOMIC HOUSE OF CARDS: Evergrande Rocked By WSJ Report China “Making Preparations For Its Demise”; EV Unit Stops Paying Staff, Suppliers

CD Media Staff

Leave a Comment

Subscribe to our evening newsletter to stay informed during these challenging times!!