Patchhodl on Nostr: This can not be good for the petrodollar. This will be inflationary for the US. ...

This can not be good for the petrodollar. This will be inflationary for the US.

"Saudi Arabia has entered a trade alliance with China, Russia, India, Pakistan, and four central Asian nations. Moreover, the development arrives after news of the first yuan-settled energy trade, further lessening international reliance on the US dollar."

https://watcher.guru/news/saudi-arabia-enters-trade-alliance-with-china-russia-india-pakistan-and-four-central-asian-nations