Petrodollar Ending: As Yellen Issues Ultimatum To Global Banks, Oil Will Be Priced In China’s RMB

Petrodollar Ending: As Yellen Issues Ultimatum To Global Banks, Oil Will Be Priced In China’s RMB
Sean Foo

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85,548 views Jun 18, 2024
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In a desperate move, the US treasury has labelled Russia as a war economy and threatens to sanction any global bank that deals with Moscow. Not only is this dangerous, it will force a big repricing of Russian oil in China's currency. Here's what you must know!

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✅ Timestamps & Chapters:
0:00 Yellen Threatens Global Banks
2:53 Russia Dumps Dollars & Euros
5:01 Russian Oil Will Be Priced In Yuan
8:15 China's Currency Wins Big
11:02 Global South Will Ditch The Dollar

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