BRICS Officially END The Petrodollar: What next?

BRICS Officially END The Petrodollar: What next?
- On June 9th, 2024, Saudi Arabia announced it would not renew the Petro Dollar agreement. This decision reflects a broader trend of de-dollarization, where countries are increasingly seeking to reduce their dependence on the US Dollar for international trade. This shift is part of Saudi Arabia's strategic move to diversify its economic partnerships and align more closely with emerging economic powers like China and the BRICS nations. In this video, we discuss this breaking news and how it could impact the US economy and dollar valuation.

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