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The Dominance Of The U.S. Dollar Is Fading Right Before Our Eyes

quoththeraven.substack.com

The Dominance Of The U.S. Dollar Is Fading Right Before Our Eyes

Saudi Arabia joins Russia as the latest oil-backed nation to eye defecting from the U.S. dollar in favor of China's Yuan.

Quoth the Raven
Mar 18, 2022
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The Dominance Of The U.S. Dollar Is Fading Right Before Our Eyes

quoththeraven.substack.com

It was just a couple of weeks ago that I wrote an article arguing that the economic sanctions we have cast upon in Russia, due to its invasion of Ukraine, likely mark the beginning of a period where China and Russia would bifurcate the global monetary system, leading them to eventually challenge the U.S. dollar’s reserve status.

Now, Saudi Arabia is join…

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