Petro-Dollar To Petro-Yuan & The Future Of The US Dollar
The Petro-Dollar To Petro-Yuan Shift Is Underway Now And It Will Kill The Dollar
The petrodollar is the glue of the current monetary system which goes back to 1971 when the dollar was unpegged from gold. There was a massive destabilization period that followed this change.
The petrodollar is based on getting OPEC and the Saudis to price oil in dollars. It pegged the monetary system into a credit cycle which has built from that point forward. The world needed dollars, so they started to buy U.S. debt.
China and other nations are increasingly moving away from the dollar. They are creating their own systems such as the Petro-Yuan. This credit cycle will become unwound as various countries stop using petrodollar debt. In essence, the mechanics of the change are already in place. At some point soon they will lose control of the interest rate cycle.
Central banks have control the overnight rate, but the buyers ultimately control the longer-term bonds. Once power is lost there will be a rapid compounding effect of stagflation. The bottom line will be higher costs of living and there will be a transfer of assets to hard assets like commodities. https://www.silverdoctors.com/....headlines/world-news
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