You can think of this as a four-person poker game where a fifth player just sat down at the table with a large pile of chips. The poker game will now take on a new dynamic.
(image by Mises Institute) License DMCA Details
The most significant event to affect the U.S. dollar since its inception as a currency. For the first time since the 1970's, when Henry Kissinger forged a trade agreement with the Royal House of Saud to sell oil using only U.S. dollars, China announced its intention to bypass the dollar for global oil customers and began selling the commodity using their own currency.
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