The US dollar's status as the global reserve currency is being challenged as major international deals are increasingly settled in Chinese yuan, signaling a quiet but significant shift in global financial power that may indicate China's emergence as the dominant economic force rather than the United States.
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The Petrodollar Is Dying and Nobody NoticedAñadido:
Yeah, that that that dollar potentially not being a reserve currency I don't know if anybody outside of nerd-dom understands how big that is, Mike, but that's huge. And I think there was a lot of analysts who looked at it and said, "Wow, they they settled the deal in yuan.
That's that's huge. And now China perhaps by doing what appears to be nothing during this war is actually doing and saying the most, right? That at the end of the day, maybe they're the adults in the room now. Maybe it's no longer the US.
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