The End of Petrodollar: Impact on Global Economy and Geopolitics

Stay tuned for more updates and discussions as this story continues to unfold.

How & Why Petrodollar could end soon

dollar as the global reserve currency. Negotiations between China and Saudi Arabia suggest a possible move away from the U.S.

Analysts believe that this potential shift could have major implications for the international monetary system, particularly the dominance of the U.S. dollar as the global reserve currency, sparking a debate about the potential consequences in a post-petrodollar world.

Saudi Arabia and China Sign the End of the Petrodollar

There has been significant buzz surrounding the alleged strategy by Saudi Arabia and China to terminate the petrodollar system, and it has been a hot topic among economic analysts and experts. The ramifications of such a move could be profound and far-reaching, impacting global financial markets and the geopolitical landscape.

Saudi Arabia is looking to China as the era of the petrodollar comes to an end

The gradual American military departure from the Arab Middle East is allowing Russia, Turkey, Iran, and instantly China to increase their influence in the region.

Saudi Arabia, under MBS’s leadership, wants to become a big player on the world stage by 2030, and that could shake things up for the US and Israel.

China is getting involved in the region and Saudi’s move towards China with the Shanghai Cooperation Organization.

Additionally, Israel’s increasing exports to Asia indicate a transform in its primary niche from the US to Asia, which carries strategic implications for the US-Israel alliance.

Dollar is still king

Treasury bonds. The dollar’s global dominance is declining due to various factors such as U.S. sanctions, reduced reliance by countries like Saudi Arabia, and decreased demand for U.S.

This trend may cause the dollar’s value to fall, leading to inflationary pressures.

Despite its continued involvement in 88% of forex transactions, the yuan’s share is estimated to be around 13% due to the increasing transaction volume processed through the China International Payments System (CIPS).

Central banks are avoiding the dollar

Foreign entities hold around 30% of all U.S. public debt, compared to about 43% a decade ago. The importance of the dollar in central bank reserves has decreased to 58% from 65% six years ago.

While JP Morgan thinks that rapid dedollarization is unlikely, many analyses suggest that fragmentation is increasing, with the BRICS countries determined to reduce their reliance on the dollar.

BRIC+

The BRICS+ alliance has 11 members and is very influential globally. It represents 47% of the world’s population, 32% of the land, 37% of the global economy, 38% of industrial production, and 25% of global trade.

The alliance also controls 45% of oil production and has military strength surpassing NATO. It is considered the dominant force in the multi-sided 21st-century world due to the contributions of different civilizations.

Some are worried about the possibility of a third world war, especially since Russia has stopped accepting the dollar and other countries might do the same.

This could lead to a return to gold as a central trade currency, especially with Bitcoin becoming scarcer and easier for global transfers.

CONFIRMED: Saudi Arabia & Chinas Blueprint To End The Petrodollar. Michael Cowan is not A financial adviser.…

Michael Cowan

For more detailed information about this significant development, you can watch this clip CONFIRMED: Saudi Arabia & China’s Roadmap to End the Petrodollar, where further in-depth analysis and insights are provided.

The conclusion of the end of petrodollar

The petrodollar system may be ending, as Saudi Arabia and China reportedly blueprint to move away from using the U.S. dollar as the primary global currency. This potential shift has sparked discussions among financial experts due to its potential impact on global monetary systems and politics.

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