Read on Twitter
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 currency status dies.
And thus the end of American unipolar hegemony.
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 currency status dies.
And thus the end of American unipolar hegemony.
Petrodollar underpins American prosperity and imperialism
https://twitter.com/kanthan2030/status/1611678820624650240
When the US went off the gold standard in 1971, the value of dollar plummeted, resulting in the Great Inflation of the 1970s.
When the world gets off the petrodollar, there will be a déjà vu…
When the world gets off the petrodollar, there will be a déjà vu…
https://twitter.com/kanthan2030/status/1571435531883651072
• • •
Missing some Tweet in this thread? You can try to
force a refresh
