💡 Trivia Saudi Arabia's petro-dollar exit: A global finance paradigm shift

Significant financial upheaval is potentially ahead of the financial world as Saudi Arabia has decided not to renew its 80-year petro-dollar deal with the United States. The deal, which expired on Sunday 9 June, was a cornerstone of the United States global economic dominance.

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[plhbg1]

google mo ulit, nandoon asnwer. China mismo reason bakit.

So far big news yung pag pull out nang foxconn sa China if the news is true.

ahaha not interested sa Taiwanese companies

 

[LordCED]

gusto lang ng Saudi na wala nang standard currency na sinusunod sa petroleum boss kaya any currency is now capable of buying their oils, kasi before USD lang tinatanggap nila as pambili ng oils nila, so hindi na ganoon kalakas ang USD sa international trade pag ganyan na ang mindset ng mga saudis

Salamat sa info lods, kala ko gold nalang tatangapin nilang bayad kapalit ng oil nila.

 

[plhbg1]

Salamat sa info lods, kala ko gold nalang tatangapin nilang bayad kapalit ng oil nila.

hehe countries don't need to reserve USD boss dahil yung currency nila mismo ay pwede na gamitin pambili ng oil, di na magiging reserve currency ang USD

 

[mutagenesisx]

ahaha not interested sa Taiwanese companies

you should, kasi Taiwan and US semiconductor industry sila isa sa mga malalaki nag pull nang strings sa China's economy.

 

[plhbg1]

you should, kasi Taiwan and US semiconductor industry sila isa sa mga malalaki nag pull nang strings sa China's economy.

thanks but no thanks