If You Take The Petrodollar Out Of The Equation...

Removing the petrodollar system would reduce the need for other countries to hold large amounts of US dollars. Currently, many countries hold dollars in the form of Treasury bonds and other assets as part of their foreign exchange reserves. If they sell these Treasury bonds, it would increase supply and push up interest rates, while also lowering the exchange rate of the dollar. This would have significant implications for the global economy and the role of the US dollar as a reserve currency.

Watch more of this short video from De-dollarization Underway: Is The US Dollar Losing Its Reserve Currency Status? | John Rubino.

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