A shift away from the US dollar is happening in real time, and investors must be ready

https://www.yahoo.com/finance/news/shift-away-us-dollar-happening-052445179.html

by BikkaZz

15 comments

  1. “The US dollar’s dominance is in decline as Russia and Saudi Arabia eye the Chinese yuan for oil trades, and investors may need to begin to revise their long-term investment strategies.

    One of the most significant but under-reported outcomes of April’s three-day summit between Russia’s Vladimir Putin and China’s Xi Jinping was that

    Putin said Russia is now in favour of using the Chinese yuan for oil settlements,

    This suggests that the world’s second-largest economy and the world’s largest energy exporter are actively intending to reduce the dominance of the US dollar as the bedrock of the international financial system.

    “Separately, two deals… would see Saudi Arabia’s Aramco supplying two Chinese companies with a combined 690,000 barrels a day of crude oil, bolstering its rank as China’s top provider of the commodity,” added Green

    . “It has been reported that Saudi Arabia is also in talks with Beijing to settle with the yuan instead of the dollar.”

    It appears US rivals, led by China, are forming a new major economic bloc. If Saudi Arabia – home to massive oil reserves, which are estimated to be the largest in the world – does move to the yuan that would lead to an enormous shift in the global economic system.

    If oil trading were to shift away from the US dollar it would dramatically reduce the demand for US dollars,
    which would lead to a decrease in the value of the US currency.

    These shifts are not just theoretical, they are “beginning to happen in real time”, said Green, meaning investors may need to begin to revise their portfolios.”

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    But..but…no worries…oil barons predatory practices will start as many wars as necessary…so far right extremists libertarians and republikans start enlisting….oh..what..only shooting against unarmed civilians??…..🤭

  2. It seems like Putin’s investment in Trump is starting to pay off.

  4. A weak dollar is good for manufacturing. And major holders of Dollar assets will be fked.

    Maybe Chinese will stop paying 3 million for 1200 sq foot homes in San Jose. God please let it happen if you know a realtor they will say you have no chance against the Chinese.

  5. There are many countries that exist that don’t have the perfect strong currency (aka “the dollar “) and they exist with homes, healthcare, education, streets, cars, and jobs. So what could be the downfall, could we by chance, get our economy back, out of the hands of the Oligarchy, and maybe live a life of peace and localized manufacturing.

  6. Funny, that hasn’t shown up a day in over three years. Including today.

  7. Correct me if I’m wrong. Isn’t the biggest problem with the Chinese Yeon being used for oil is its effect on the US dollar being the global reserve currency? If our dollar loses that status won’t we actually be held accountable for our debt and won’t be able to print our way out of deficit?

  8. Could the petro dollar be backed by gold once again? And does Ft Knox have enough gold to back it?

  10. America can only sanction, influence, loan shark etc for so long before countries (BRICS) decide to go another direction.

    People that livin “comfy” in America that believe themselves middle class are going to feel it hard, like a truck and they won’t understand who or what to blame. The lower class bottoms out to despair and anger.

  11. Always good to diversify your portfolio with a little gold. It will minimize losses if dollar ever falls crazy.

  12. They keep saying that for decades and then list all the empires that collapsed, from Ancient Sparta to the Housing Market. Nobody ever mentions which currency will replace the dollar.

  13. Gee, it looks like the Euro is tracking the dollar pretty well. The Yuan? China is a dictatorship run by an imbecile. Saudi Arabia is run by a terrorist regime. Granted America also has political issues (the GOP), but China and Saudi Arabia are countries that have NEVER been reliable.

  14. For wut? ShitBRICS? The only country worth a damn there is Sawman Arabia. Who’s gonna trust China as it tries to steemroll manufacturing under a single point of failure of Chairman Xi? 

  15. There’s a lot of factors, but high US debt and reduced demand for Treasuries can weaken the dollar by increasing borrowing costs, eroding investor confidence, triggering inflationary pressures, shifting global economic dynamics, and reducing geopolitical influence. This weakening can manifest as a decline in the dollar’s value relative to other currencies.

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