Death of the PetroDollar, exactly what China wants. Used to be that any country that wanted to trade oil with OPEC had to use the USD, forcing them to keep a supply of USD on hand, allowing us to basically export our inflation and maintain the value of the USD against all other currency. Brilliant
Death of the PetroDollar, exactly what China wants. Used to be that any country that wanted to trade oil with OPEC had to use the USD, forcing them to keep a supply of USD on hand, allowing us to basically export our inflation and maintain the value of the USD against all other currency. Brilliant