This will cause the dollar to plummet!
🔥If Saudi Arabia starts taking other currency outside the dollar, when selling oil to the rest of the world, that will take the dollar off the dominant world currency.
Which will send the value of the dollar plummeting and inflation soaring, and there’s no part of the economy the fed can destroy to save it.
Being the dominant world currency is a near impossible task that the US accomplished, and you’d think our leaders would work hard to keep it there with China nipping at our heals, right?
Wrong. Biden has been openly bad mouthing and criticizing The Prime Minister of Saudi Arabia, so much so, that they won’t even return the Biden administrations calls.
On top of that, for the first time Saudi Arabia is openly talking about using different currency in trade for oil. If this happens, this is a fall that the dollar cannot recover from.
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