this post was submitted on 20 Apr 2026
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[–] Washedupcynic@lemmy.ca 11 points 3 weeks ago

The American dollar is about to be bitch slapped. Other countries are dumping US bonds, which will drive down their value when the market is flooded. Lots of trading for oil is done with US currency. This increases the demand for US currency and inflates it. Other countries are getting tired of America's bullshit and switching to the petroyuan, which is form of the official Chinese currency, the yuan intended at least initially for oil trading. One of the reasons the petroyuan was created was that Russia, Venezuela and Iran may be able to avoid the United States' sanctions, so nations such as Saudi Arabia, one of the main oil producers and extractors could avoid dollar hegemony and U.S. pressure. If enough countries switch to the petroyuan it will fuck the economy and the US dollar the way trump rapes little girls.