Gal Luft of the Institute for the Analysis of Global Security says “there’s no reason why two countries that already have vast exposure to the U.S. dollar should maintain their trade in a third party currency.”
De-dollarization is already happening between China and Saudi Arabia, says think tank
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The American democratic childish arrogance policy contributed to the loss of US companies billions of dollars in investment and from the sale of their products, which were replaced by European and Chinese products and investments, and contributed to the tension and apathy of relations,
We do not know what benefit the Democrats reap from the policy of childish arrogance. Today, we find Chinese cars invading the Gulf and Arab markets, as well as Chinese and European arms companies that withdrew a large percentage of the sales of American companies because of the condescending treatment of American politicians , Chinese petrochemical refining companies have also entered into a long-term partnership with oil producers in the Gulf at the expense of giant American companies. Therefore, I advise American politicians to learn the art of communication and respect before entering the world of politics.
Barter trading is a very underated way of payment, without Saudi breaking the $ pact with USA
by NOT using the US dollar you are breaking the $ pact.
@Jeff Mason “So what you are saying is that , Barter Trading is Illegal ” Cathy Newman
The U.S. suddenly discovered that Saudi Arabia lacks democracy and freedom and possesses weapons of mass destruction.🤣
haha yes. hypocrites
I hope the House of Saud has adequately prepared for this contiingency!
Don‘t worry, US will continue to suck blood and blood from Europeans. 😂
They cannot play the same game this time for sure. Russia war exposed the west completely. They caught red handed with hypocrisy and double standards. This would only weaken the US further and divide and complicate the west-east relations
@Ocean Wave you know much about USA.
Liberation from Western and American hegemony is the beginning of the path towards development and prosperity. China does not interfere in the internal politics of countries, does not maneuver in regional files, and does not mix the economy with other files. America and the West are the reason why the Palestinian issue remains unresolved until this moment, and they are the ones who support Israel with their veto, and they are the ones who sow discord in the region until unrest and wars break out. They continued to sell us weapons, sometimes their value, so that the Arabs would pay their money and waste their blood so that Khawaja’s well-being could be achieved in his country at the expense of unfortunately cheap Arab blood.
I think you can say Saudi Arabia now is a threat to Democracy & the US security… war drunms….
Good
😂 All in the well planned take out USA hegemony. Fall of Roman Empire 😂
@ainz If People Don’t want to Trade with Authoritarian Governments then How come China which was Nothing just 30 Years Ago, Today it is an “Global Super-Power” and an Potential Replacement to USA within Hardly 10 Years??
How come Most of the American, European, Arab, etc, etc Companies Invested in China during the Last 30 Years, which Indirectly Made China Today a “Global Super-Power” which was Unimaginable to the Slightest of the Slightest just 30 Years Ago??
Bro, what you said is Right.
“The Main Reason why Today USA has Waned in Power is Not because USA has Detoriated. It’s Simply because Other Countries have Progressed on Such an Rapid Unimaginable Scale” for the Past 20 to 30 Years.
I think this is the Main Reason Why USA has Rapidly Declined in Power for the Last 15 to 20 Years.
@Goutham Sudheer thats what u call capitalism, rich countries need cheap labor and cheap products and china can offer that , thats why china is the factory capital of the world , china economy is like a paper if countries stop trading with them their economy will collapse thats why they are now diversifying their market even in poor countries , china can surpass US in gdp but they cannot be the center of market in the world, even arab countries wealth will be reduce if the world will eventually turn to green energy , global companies from west cant be change by any chinese companies , they cannot be replace cause the world wants companies that shares with the same values with them , china can trade with other authoritarian countries with no democracy but their companies will not exceed what US companies already develop, china companies controlled by communist party thats why it cannot be the center
@ainz If that was the Case then Why USA Declining as a Super-Power for the Past 10 to 15 Years??
Do you ever Think USA will Get Back Her Old Prime Supreme Hegemonic Status as it was back in the 2 Decades of 1990s and 2000s???
USA was Once back in the 1990s and 2000s Used to be Famously Called as the “Sole Super-Power”. Which means the Only Super-Power after the Fall of the Soviet Union. Will USA ever Get Back that Golden Status ever Again??
Also Don’t Forgot that even India (the same Population as that of China) has Started to Boom the same Way China was Booming in the 1990s Till Recently. Also India is a Democratic Country unlike China.
So if China’s Rise has Deleted the “Sole Super-Power” Statues of USA 10 Years ago, then What will Happen if Another Giant Country called India also Reaches the Level of China 15 Years Later.
Will America (and the Larger West) Get Back their Lost Hegemony Ever Again????
@ainz China’s economy is growing more than 3 times faster than the US. They have approx. 4.5 times the population of the US. They are also in the SCO and BRICS, which are much bigger than the G7. They are also connecting the world with their Belt & Road Initiatives. USA is too busy investigating Hunter Biden’s scandal 😅
More likely fall of the Roman Republic. The ground is ripe for Caesarism in America, especially with its cultural divisions.
Gadaffi tried to do this.
Gadaffi tried to strengthen the African Union and he was chased down and Murdered by the West.
WESTERN COLONIALISM CANT DO SHIT WITHOUT INVADING, WARS AND EXPLOITATIONS AND WAR CRIMES.
We are Lucky to able see the USA Fall to its DEMISE 🤣🤣🤣🤣🤣🤣🤣🤣🤣
never hope, for any country to fail my friend, they are also humans, and no matter how much you disagree with them.
@d s The satanic American empire has killed millions of people more in the past few decades than 10 centuries of roman empire rule combined
@d s The Mighty “British Empire” which was Once Powerful like the Only Super-Power, Waned in Power in the 1930s and 1940s.
Same way USA is Waning in Power in the 2010s and 2020s.
@d s
When some country are treating the security of your own country you just have no choice but to punch back
@d s “they r also humans” ain’t that the joke of the century! USA doesn’t treat any country as human
We arabs need to *stop* pricing & selling our Oil & Gas in *USD $* . We need to price and sell them in our own currency.
@Crushed need help from rest of the world to protect you guys from western blackmail and propaganda
@Somashekar S The problem is that there`s no global trade in Riyals. No one wants that currency outside Saudi arabia
it is not that easy. US may create wars to threaten Saudi to back down. Look at Saddam Hussain and Ghaddafi, they both were against US and the dollar superstatus, look at their consequence.
@Europe is better than the US send me riyals..i will gladly avvept it
@Andi A To what country? No it has caused european banks problems before if someone wanted to change riyals they don`t know what to do with such a currency. It`s worthless in Europe.
It has nothing to do with the downfall of the USD. The US is no longer holding up the world. Like securing the shipping lanes that allow countries to grow and receive oil, food and other items. China and the rest of the worlds massive growth is all thanks to the US securing shipping lanes and trade for other nations to trade among other nations. This is no longer the case. By all means go ahead and believe in the Chinese government or the Saudi government. Let us know how that works for you over the next 20 years. You thought US printed a lot a money. You should see how much more China has printed and in a much shorter period. China is a dying “superpower” that has been the biggest beneficiary of the US led global order. Hell, it doesn’t even have a blue water navy that can secure its own trade routes which it relies on for imports of energy and food. Good luck.
“when two countries have much to trade with each other, there’s no need to transact in third party currency.”
-don’t understand why it didn’t happen earlier…
@melasguto At that Time, USA was known as the Sole Super-Power.
Now It’s NOT
@vie Lee I guess Saudi can’t be touched….supposedly a Washington Post journalist got dismembered and U.S. turned the other way…can’t touch Saudi Arabia.
They needed time to grow some ballz
Because now usa is freezing the bank accounts of Russia, and now your country could be the next one.
There’s no other big economy country before China comes out to challenge America economic hegemony, this is right time choice to change the dollar addiction
How can you screw up something so great? US is in such an amazing position with the dollar. How can you be so irresponsible and misbehave to ruin trust like this amongst countries with your dollar? China would of been fine with this if US treated countries better instead of attacking them and not giving them any say. It just blows my mind their behavior. How can you screw up something you have like this?
Well it’s the arrogance
@email account The world gives the US face however Uncle Sam acts like an emperor dictating everyone, blackmailing them with consequences. It seems Uncle Sam doesn’t know how to spell the word ‘death’.
nobody to blame but themselves. Arrogance and showing its military might is not the answer to smaller and weaker nations who have been bullied all these times….. at least 70 countries are waiting to see your economy crumble, its payback for the 3 millions deaths and 5 million displacement of innocent humans in the middle east, you will blardy pay god willing.
Any country that uses the USD can easily get their USD foreign currency reserves frozen like they did to Russia. Wtf wants this risk? China is also at great risk of getting their 1T frozen.
@Jeff Mason Russia is more “White” than the US yet the USA is currently trying to destroy Russia. You’re point is Dumb as FVCK.
“Today is Russia, tomorrow is to me.” Yeah, no one does a better job of de-dollarization than the US itself.
Micheal rowed the boat a shore, I think you are onto something big, and we earthlings need to work closely with all humans for our common good.
I think is fair if china buy oil in yuan. Why we need to convert to us dollar then to riyal or if saudi arabia want to buy chinese smartphone have to convert to us dollar. Its a better world if all country using their own currency. We are not the US citizen anyway
and China definitely is now the new global leader along with the Russians in a very big way.
Already happened between China and Russia. Between India and Russia..Trilogy stood up for the mess in foreign policy. The Saudis had to divert after NINE sanctions
Some Americans really believe that Uncle Sam could conquer the world if he wants to and that was what I’ve been told two decades ago.🤣🤣🤣🤣🤣
USA at That Time was the Sole Super-Power. So what the Americans said at that Time was Absolutely True.
But Today you Will see Hardly any Americans saying like that because even they know America has Literally Waned it’s Power
I think these two countries were not the only ones long ago, but other countries seem small. When you find that you can buy everything, even petroleum energy, with RMB in an invisible place, it seems that the most insecure currency is the US dollar, and no one is stupid enough to put an egg in a basket
man your profile picture
GOOD RIDDANCE ITS ABOUT TIME THE WORLD DESTROYS THE AMERICAN FASCIST PONZI SCAM !!!!!
Democracy will soon reach Saudi. 🤣🤣🤣
By the way,, democracy has its faults and is not perfect? ?
Gandupati bappa chutiya teri Randi maya ko suar chode lol I 😆 💖
Sure hahaha bin salman will need sometime to think far away from saudi 🤣
You just remind me the things happened in Iraq 、Libya Afghanistan and Syria
@Asley Tamkei Follow US or you will be bombed into democracy. That’s what he’s saying.
In a commercial deal, price is an important consideration of course. But there is another important layer to a stable transaction…trust. The fact that Saudi Arabia and China sign ed off on a 50 year oil contract signified the trust they are willing to place on the table. They know in a few decades on, they are still reliable trading partners.
The Saudi’s relationship with China is very different to the one between it and America. The latter is based more on an unequal footing, with the US being the dominant partner, and the Saudi a subservient one. US also uses the same tactic it is using in Europe, ruled by fear via NATO. For Saudi Arabia, it is the threat of losing America’s security guarantee. Co-incidentally, it is the same tactic America uses to bring Australia, New Zealand, Japan, and India inside its figurative tent.
With the economic aspect taken care of, Saudi Arabia is now less fearful of America. What about military supports? Well, if the Middle East is at peace with one another, what is there to be feared of? Perhaps the fear of USA itself?
Well said 👍🏽
Thanks for sharing.
Yeah because the only thing holding back Saudi Arabia and Iran from peace is the U.S. not a fundamental schism in Islam lol
@Jacob Smith And Israel. America is the beholder of Israel. Iran see Israel as a threat, and vice versa. Israel has sufficient influence in America to effect American foreign policies. But then there is also a religious dimension to how Americans evaluate the Iran/Israel policies. The extreme Christian nutters believe the Messiah second coming in Israel.
For fear of USA, Saudi can get weapons of mass destruction fr Russia china Iran nk and even fr India🤣😂🤣
The Americans have castrated themselves.
The worst thing they have done is to seize private citizens’ properties (eg yachts). The Exodus will continue, until all of a sudden, the people woke up and found an empty treasury.
Regime change soon 😆. CIA, NED working overtime.
They tried to change MBS but failed.
@Pla Yer they didnt tried yet just wait if full US force move goodluck to saudi 🤣
@ainz they tried
@Pla Yer MBS is a type of leader Saudis need. Yes he made mistakes but he’s a good thinker and a leader to next lead their country. He’s a strongmen.
@k np are you from Saudi?
Aother war is coming to the middle east soon
INTERESTINGLY ENOUGH I SAID THE SAME THING TO THE PEOPLES BANK OF CHINA AND THE LEAGUE OF ARAB STATES IN 2021 DURING THE ISRAELI BOMBING OF GAZA
Brilliant news for the world
Ridiculous statements; why would other countries transact in dollars? because they don’t trust each other. Americans just don’t get it, how much worse thing are out of the US. I see no issues in weaponizing dollars when a dictatorship is invading a weaker country, and potentially becoming a major treat for the rest of the world. Stupidity is off the charts
LORD dare to say… SWIFT no longer for Russia. That’s not what was promised when SWIFT was advertised… self interest…that’s it
Great news, why continue to use the dollar when it could turn against you and on your economy?
And Russia and China now exchange in yuan and roubles. Ethiopia, after stopping a US backed civil war, has also announce their own currency with a gold standard. BRICS+ has announce a basket of currencies for their trade. Latin America has formed a new coalition also announcing their own currency. There is a global flight from the dollar everywhere possible and the USA has caused all of this. This will just snowball as the whole World now clearly sees the USA’s true colors. The unipolar World is over.
Spot on 👍 analysis
US uses the dollar as weapon, no one likes that. All other countries are now looking for other options, including US’s allies.
Don’t think it’s that easy
Dollar is kept high because all oil is traded in dollar. If OPEC changes that then the value of the dollar will fall heavily.
What would be so difficult for countries to trade with their own currencies? Matter of agreements. Perhaps you can explain the difficulties of it?
It’s really difficult because Saudi is the anchor of petro-dollar. No one dare to change it even the slightest. I am surprised by your question, I guess you should google this topic and do your own research.
@E C seems like it’s will be changed according to their agreement between these two countries, they are not asking the US to use the RMB. You have not explained why it can’t be done. 🤭
@E C what’s dedollarization mean? You’re the one who needs to do more research
The more the US uses the power of the dollar to intervene in international trade, the more countries will abandon it. A dollar that is not tied to US interests is the right currency for global trade. The decline of the dollar does not come from the challenge from China or other countries but from the US itself undermining the world’s trust in the dollar.
Are you kidding this idiot is clueless. This isn’t about the US dollar. This about Saudi Arabia wanting cruise missile technology to hit back at Iran or Qatar.
Howcome those countries that talks so much about peace doesn`t want it in real? These middle east countries don`t work for peace & disarmament.
Undermining? Dude the dollar rose tremendously in the last few months
If anything people have too much trust in the dollar
the best comment
@Larry Buchannan The dollar rose recently is due to uncertainty of war in Europe, which happens to be caused by U.S.
It baffles me how it’s ok for the US to have an “sphere of influence” but not for russia or china
Saudi arabia have long unhappy with USA, but the us is too powerful to offend it, and USA often lecture the Saudi Arabia,a leader of middle east country,especially in Muslim countries, Saudi have beared it long, but, since the Russia and Ukraine war happened, usa directly freeze russian overseas assets and block russia from siwft system, it s a key turning point, this is quite dangerious for other countries including China, india, even eropean countries, of course,saudi arabia think so as well which directly take measures to decrease usd reserves from 180 billion to 120billion in US dollar, 30 %off, now China,as a emerging power in military, technology and economy, is the right one who can rely on to keep a balance between USA and China
It`s kind of baffling how such a messy country with such a weird culture can be `powerful` on the global arena it`s actually full of unhappy people. Visit it & you can`t believe it`s the same `powerful` country the world fears. & China is coming on strong now yes no one can stop it they have to much production.
This guy is a Russian bot. The action against Russia by Europe and America is necessary to prevent Russia in destroying Ukraine. Today Ukraine and tomorrow it’s me. The Saudi China business deal is good for both countries and it’s a common practice between countries. Russia will be reduced to Moscow city for the stupid move of Putin.
Let`s roll on all the way to Kreml then if something starts & finish what the Germans once started. These russians will never change anyways unless defeated for good.
wondering if china. will use the establishment of the SCO, BRICS, Eurasia, and ASEAN to cut off some countries, out of their economy, then this will be more like a disaster with some countries depending on commodities export to grow their economies.
Saudi Arabia ryal is pegged to US dollar
Xi Jinping and Bin Salman are both DICTATORS and the worlds worst enemies. We have to step up and KILL DICTATORSHIP REGIMES. They are cancer for the FREE WORLD.
Ignorant people will only use the excuse of human rights to attack others. Don’t blindly accept a lot of western political ideology indoctrination and talk nonsense, which will only make you look incompetent
DIY
Scam.
SA beware, usa may invade you because you are doing buseiness with Huawei and china
CNBC should employ someone who can read news in Chinese to learn China has been trading with Middle East countries and settling in Yuan or avoid report anything about China!
Saudia Arabia gives the Super to eny Power it allies with. This is a fact whether you like it or not
Dollar isn’t just a stable currency anymore. It is a weapons that US uses a lot. US has too much power if your countries uses the dollar.
There will be huge inflation in the US because of this if they don’t change their economic system 🤣. Petrodollar starting to die. Saudi Arabia is going to be the catalyst for dedolarization across the globe.
Looks like Saudi Arabia needs some democracy delivered by B-52.
But USA today is Not the Sole Super-Power as it was Till 10 to 15 Years Ago.
They’ll wait for the king to die first. They are nice like that.
Trading in thirds party currency is nonsense.
In the first instance it should not had happened, incurring all these unnecessary charges to buyers.
If Saudi is really doing this, very risky to mess with the US. It is possible they are just playing double agents for the US.
US has proven to the world that she can use SWIFT to sanction anyone as and when she likes. If I were Saudi, I would be very worried since I had trillions of asset in dollar.
De-dallorasations most be sooner rather than later because it is the wish and wants of the majority throughout the whole world in most of discussions period .
Washington’s dumb policies of endless Wars and interventions in far lands with illegally invading Arab countries spreading wars and sanctions, killing kids in Irak…. What goes around comes around….
Mr lift is correct. Would the host keep his money in USD with the fear risk that his bank account he freezed one day as in the case of Russia?
USD is Fiat currency as the feds keep printing it.
Even if Saudi Arabia sells oil in yuan they are just going to convert it to dollars after sell the oil.
@DontUputThatEvilOnMe dollar only has value when Saudi sells in dollar.
Saudi can force the whole world to use the yuan.
@Uglyhoodrat you live in a fantasy world. Good luck.
@DontUputThatEvilOnMe you don’t understand economics. You said US is currency reserve yet you did not prove how it is outside the petrol dollar.
@Uglyhoodrat please don’t bother, he is dollar fanboy
China is gonna supply Saudis with all trade that they need , USA is not the only country in the Globe , and capable to do .
Get involved in other countries business its what happens
Keep using money as a weapon that’s what happen people lose faith
End of dollars soon
so what ? countries can do whatever they want, so does the USA…
3 reasons why this is happening:
1. Why use the currency of the third country when two countries can use their own currencies?
2. The US has been weaponizing the dollar in recent years.
3. The Arab world saw how the West confiscated Russia’s oversea investments and assets.
US Dollar Supremacy has been the origine of many economic crisis, this must be ended one day.
Finally, this fact is going mainstream.
The problem is neither wants to hold the other’s currency 🤣
What problem? Saudi Arabia already agreed with RMB purchase.
Lmao
@Keyboardman Youtube they should spend those yuan to Saudi import from China including electronics, clothes, car parts, etc
Good NEWS
This guy is a paid hack trying to scare people. DE dollarization will never happen. Chinese currency will never become reserve.
too much power
blackmail/sanctions/ freeze & forfeited
and war destruction of the country if they disobey usa’s ordrers
My own prospective, I believe any rational/logical country in the world today “Ought” diversify their international currency portfolio and by doing so; they’ll diversify their risk! Replaying on the $, despite the USA, Europe or any other country, doesn’t matter.. what matters here is that “I” as a mature country/person… Am not suppose to rely on one seller in the market.. I MUST have multi sellers/source; so that “God forbid” if anything happened in the near or far future.. I’ll be having a sleep with out using Panadol night 😅😅
The US is powerless in this de-dollarization process as they can’t complain or do anything about it. There isn’t anything inherently wrong with wanting to purchase stuff with your own currency.
It appears that the rest of the World has woken up to the fact that the U.S. is no longer the only game in town.
This action was long awaited , this welcome news . Cheers DE-DOLLARISATION
USA will need help from Israel to destabilise Middle East to save their DOLLARS
Saudi Arabia has no idea what the US is capable of doing
Instigate a coup . Nothing else
Pound Sterling: USA Dollar will never be than us
USA Dollar: Yuan will never better than us.
any country that drops the USD will grow economically
Its not make senses
Why nato make russia enemy???
Look at what you all have done now!!!
China got all the opportunity to become number 1 in the world.( Yuan got bigger, petroyuan, on military think about russia and china joint development it will be epic)
You see russia now?? Far from bankrupt, far from broken!!!
Now try to look West europe,
What did you seee???
great analysis！ objective！
The sooner
The better
Damned swift and yankee
I think joe make big mistake 😅
biden to cia: I think Saudi Arabia needs democracy and human rights..🤣😂🤣
Do you think the world will be a better place if the Chinese dominate? if yes, then think again.
Great News – DeDollar- The path to US hegemonic downfall ✌✌✌
The Us will have to produce its own products as countries dedollarizing will no longer trade with them
✝️🀄☯️GOD WILL ALWAYS BLESS YOU, CHINA ️🀄✝️ 🇨🇳🇨🇳🇨🇳 💯❤️💋🌹‼️
China does business, America does war.
Mari tinggalkan dollar yang tidak punya jaminan emas 🤣🤣🤣
Go blok timur
Petro Dollar was the invention of Kissinger and was pure genius . Huge demand for US dollar and Treasury Bills. Can’t last forever and Karma is long overdue.