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

    March 15, 2022
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    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!  



    CDM Staff

    The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."
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