Alert They Signal The End Of ‘Petro’ Status! 2023 Petrodollar Collapse

The sovereignty of the almighty U.S. dollar is in great danger, with many global economic superpowers, including Saudi Arabia, now signaling that the end of its petro status is near, meaning that soon oil sales and revenues in global markets will no longer be denominated in U.S. dollars, which can result in unspeakable consequences for the U.S. economy. A dollar collapse is now in motion, according to new reports and warnings from strategists that are familiar with the matter. And that’s what we’re going to investigate in today’s video.
One of the main pillars still maintaining the dollar in place as the leading global currency reserve is crumbling down. Its petro status, which determines that global transactions of oil and oil-based fuels are denominated in U.S. dollars, is being threatened by the US worsening relations and rising tensions with other major geopolitical and economic superpowers. 
It has been revealed to the public that white papers and essays written by globalists specifically highlight the need for a smaller role for the US currency as well as the promotion of the decline of the American economy as a way to introduce Central Bank Digital Currencies (CBDCs) and implement a new global currency system completely controlled by the IMF. 
Over the past six years, the relationship between Saudi Arabia, Russia, and China has grown immensely. Commodity and raw material deals between the three nations are becoming more and more common, and this has also prompted a silent but steady steady distancing of the Saudis from the dollar. Meanwhile, the rate of bilateral transactions between Russia and China conducted in dollars has declined from 90% in 2015 to 41% in 2021.
Moreover, as China seeks to purchase its oil in yuan rather than dollars, last week they may have found another seller in Saudi Arabia. On Tuesday, Saudi Arabia announced at Davos that they are now willing to trade oil in alternative currencies. A few moments after, Xi Jinping pledged to increase efforts to promote the use of the Chinese yuan in energy trade. 
In essence, the U.S. weakening relations with Eastern nations are being exploited to create a catalyst for the end of the dollar’s petro status. Now more than ever, the dominoes are set in motion for a dollar collapse. This is similar to the developments that led to the downfall of the British Sterling decades ago as the global petro currency. And today, globalists have the perfect excuses to dump their dollar holdings, and that’s all thanks to the poorly managed monetary policies enacted by the federal government and the Federal Reserve. 
The repercussions of the loss of reserve status will be catastrophic for the U.S. economy. The dollar dominance is the only thing that is still keeping our system together. If the dollar ceases to be the main international trade mechanism, “the trillions upon trillions of dollars the Fed has created from thin air over the years will all come flooding back to the US through various avenues, and hyperinflation (or hyper stagflation) will be the result,” Smith warns. 
You’ll probably see the mainstream media and government officials trying to find a new scapegoat to blame inflation on, and saying that “nobody could have seen this coming.” But the truth is that many people saw it coming, and they’ve been alerting for a long time that the dollar is reaching the end of an era.

Видео Alert They Signal The End Of ‘Petro’ Status! 2023 Petrodollar Collapse канала Epic Economist