Tag Archives: petroyuan

Another nation is taking steps to dethrone the dollar’s leading role in the global marketplace. If this nation moves toward the petroyuan, and it could have serious ramifications for average Americans.

China and Saudi Arabia have been negotiating to ditch the petrodollar system and allow oil purchases with the Chinese yuan. If a deal is struck, it will be a huge blow to the U.S. dollar — leaving Americans with an increasingly devalued currency.