Comments by "John Roberts" (@view1st) on "End of petrodollar? Saudi Arabia considers selling oil in China's yuan" video.

@sheezle3 Not necessarily. The USA might create a preference area the way Britain did in the interwar years and it and Europe might then trade with a basket of currencies and/or the euro but with the dollar still the foremost currency. It might even hold Europe's gold reserves the way that it holds Germany's and the way that France holds some of Africa's. Britain already sold its gold reserves so is now completely vulnerable to economic blackmail because it has nothing to fall back on. Maybe that gold was bought by the USA and is intended to be used to back up a planned dollar-eurozone digital central bank currency area.
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