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/biz/ - Business & Finance

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54426603 No.54426603 [Reply] [Original]

Petrodollar is on its way out. China buying oil from Saudi Arabia in yuan. Russia and other countries following suit. What does this mean for economic US dominance?

https://www.middleeastmonitor.com/20230226-is-saudi-arabia-preparing-for-the-collapse-of-the-petrodollar-and-us-dollar-dominance/

>> No.54426616
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54426616

It marked the end of the American Empire

>> No.54426631

>>54426603
And what exactly is Saudi Arabia going to do with that yuan?
>>54426616
What the ruck is this retarded bullshit chart kek

>> No.54426641

>>54426616
and no one will miss it

>> No.54426642
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54426642

>> No.54426656
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54426656

>>54426631
yeah, isn't like Saudi does any other business with China.

>> No.54426663

>>54426616
If you're going to use that, you should at least change the color of the last forming band to match the flag it represents so people don't associate it with the group whose meme you stole.

>> No.54426677

>>54426631
https://www.scmp.com/news/china/diplomacy/article/3202245/why-saudi-arabia-looking-china-buy-weapons-after-years-arms-deals-us

>> No.54427063

>>54426616
>Europe
Lol

>> No.54427183

>>54426603
It means you have only 2 weeks to flee to mexico

>> No.54427238

>>54426603
Meaningless.

the US stopped dealing with russia and russia has gone bankrupt

if the US stops dealing with china, china will also go tits up.

>> No.54427265
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54427265

>>54426616
>Europe
Fuck you, nigger, I spat my drink on myself.

>> No.54427325
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>>54427238
>Stop dealing with China
Do
It
Faggot

>> No.54427402
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54427402

This is a good thing. While I don't disagree that America is losing influence internationally, there isn't an up and coming power that will be able to take over as the world police and world reserve currency. Russia can't do it, they can't even defend their allies let alone defend their borders. China can't do it, they have a demography crisis, food crisis, and their currency is even more manipulated than ours.

America is going to be the only superpower left that has both the consumption and investment base to stay on top. America decoupling from the world economic order will be tough, but ultimately it will a good thing long term as globohomo fades away and we can start actually paying Americans livable wages to do the work that we have been outsourcing.

Oh, also we need to revert to a majority white ethnostate. Hopefully we can genocide democrats at some point.