Loading ...What do you think is the US dollar backed by?
Saudi oil.
That was the birth of Petrodollar in the 1970s.
Now, Saudi Arabia trades 3x as much with China as with the US.
Thus, BRICS membership paves the way for Petroyuan!
Without commodities traded in USD, the global reserve… pic.twitter.com/M2R9DHiqHW
— S.L. Kanthan (@Kanthan2030) August 25, 2023
Hard to argue with this. The US has had a lot of false prosperity. Future times will not be so flush.
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