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RE: Petro Yuan Just Launched! U.S. Petrodollar DOOMED as China Attempts To Control Oil Market!
It finally launched! They said it wouldn't happen but it did. After many delays and much skepticism, the Yuan based oil futures market has launched.
Will this be a DEATH BLOW to the PETRODOLLAR?
Thanks for sharing :)
You're welcome. Thank you for watching it
I don't know if crashing the dollar is good for they yuan. In fact it has been a race to the bottom for years with currencies. Exporters want cheap money. Canada's economy had a great few years because the money was cheap vs the us. So a really strong petro yuan probably isn't wanted. Just a thought.
Definitely looking at all of these geopolitical events and seeing the effect. All countries are attempting to undermine their own currencies.