“As the world’s largest importer of oil, China considers trade the cornerstone of its relations with the GCC”
As trade goes, so goes the petrodollar.
We may be looking at the beginning of a new monetary regime. If that happens, all hell breaks loose.
It has been said here on FR that the day the Petrodollar dies so dies our entire quality of life.
We will be thrust into utter poverty, because aside from our military presence across the globe, the one thing that props up our false and hollowed out economy is the Petrodollar.