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With trade wars and the frequent tarriff escalations between the U.S. and China, I feel as if the PetroYuan is not recieving the attention it should be. Admittedly the PetroYuan is still in its early stages and possibly quite far (years) away from being used as an oil purchasing medium internationally; but it is still enormous news that should have U.S. shaking in our boots.

For those who do not know the United States is very very in debt. Arguably the only thing keeping the Dollar’s value stable is the fact that other nations MUST buy oil in U.S. Dollars (the petrodollar).

Once global economies have a choice to buy their fuel in a currency other than the heavily in-debted USD what is going to stop them? Why choose would you choose a debt-crippled Dollar versus a gold-laden Yuan. When other countries veer from the Dolllar and purchase their oil Yuan and hold that as there main reserve currency what will keep the Dollar afloat? And the real scary question: what happens when the dollar collapses? Dun dun dunnn.
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