Runy Calmera on Nostr: 🛢️🌍💸 📉🛢️ Could Saudi Arabia’s Oil Move Impact Your Caribbean ...

🛢️🌍💸 📉🛢️ Could Saudi Arabia’s Oil Move Impact Your Caribbean 🍹📉Purchasing Power?


Saudi Arabia set to use Yuan instead of dollars for Oil payments.

The relationship with China keep strengthening up to the point that Riyadh is now recruiting 175 Chinese language teachers to teach in secondary schools in the country.

Something big is on the way! 🇸🇦🇨🇳

Source: Wall Street Journal

If you think this move of Saudi Arabia doesn’t affect the value of the US dollars and your Caribbean currency - NAF, ECU dollar, JAM $, think again.


https://www.ceicdata.com/en/indicator/saudi-arabia/crude-oil-exports

Here is a PDF for starters about how much oil Saudi Arabia exports to BRICS+.

- Just start with 7 million barrels a day and then add up China, India, Latin America etc.
- Multiply by 60-70 dollars per barrel
- times 365

- and imagine that less demand in dollars in a world where dollars are being printed like crazy by the FED.

- imagine a drop of 15- 30% if your purchasing power.

Let me know what you think

Runy
Island Wealth Channel

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How will this affect Bitcoin? What do you think?

Let me know.