☆ Yσɠƚԋσʂ ☆@lemmy.ml to Economics@lemmy.mlEnglish · 16 days agoPetroDollar Is Dead, Yuan Is Replacing the Dollar in Oil Trade - The End for U.S. Economic Powerwww.youtube.comexternal-linkmessage-square18linkfedilinkarrow-up133arrow-down13
arrow-up130arrow-down1external-linkPetroDollar Is Dead, Yuan Is Replacing the Dollar in Oil Trade - The End for U.S. Economic Powerwww.youtube.com☆ Yσɠƚԋσʂ ☆@lemmy.ml to Economics@lemmy.mlEnglish · 16 days agomessage-square18linkfedilink
minus-square☆ Yσɠƚԋσʂ ☆@lemmy.mlOPlinkfedilinkarrow-up7·15 days agoIt’s because it’s one essential thing that was impossible to get without dollars before. Every modern economy needs oil, and when oil was traded exclusively in dollars that meant you had to get dollars to get oil.
It’s because it’s one essential thing that was impossible to get without dollars before. Every modern economy needs oil, and when oil was traded exclusively in dollars that meant you had to get dollars to get oil.