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Another Biden Disaster: Saudi Arabia Announces Readiness to Trade in Currencies Other than US Dollar – Another Blow to US Economy

Saudi officials announced this week they are ready to to trade in currencies other than the US dollar in a huge blow to the American economy.

Saudi Arabia announced the move following a December meeting with China’s President Xi Jinping. The kingdom is ready to trade in yuan instead of the dollar in trade exchanges.

Saudi Arabia has also announced its intention to join the BRICS alliance.

Russia Today reported:

Saudi Arabia is ready to discuss trading in currencies other than the US dollar, according to the Kingdom’s finance minister Mohammed Al-Jadaan, as cited by Bloomberg.

Al-Jadaan’s comments come a month after China’s President Xi Jinping said that Beijing is ready to make energy purchases in yuan instead of the US dollar in trade exchanges with members of the Gulf Cooperation Council (GCC). China’s leader highlighted the necessity of the shift while speaking at a Chinese-Arab summit hosted by Saudi Arabia earlier this week.

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4 thoughts on “Another Biden Disaster: Saudi Arabia Announces Readiness to Trade in Currencies Other than US Dollar – Another Blow to US Economy”

  1. I knew this day would come. That the US dollar would be replaced as the benchmark for all other countries currencies. As this moment away from the dollar to the yuan continues, the only value the US dollar will have is being used at toilet paper to wipe the poop off your butt. Honestly, today the US dollar has absolutely no value. It only “In God we Trust” that we can trade a stack of papers with some dead President’s face on it for a bag of groceries, a sofa, a car, a house. And for many on this plant, our “God” is a comicbook character.

  2. Biden is as changeable as the wind look at his record over the years, he thinks we have no history of what he said prior to Obama, after Obama and now it is not just dementia and old age or even Alzheimers he is just changeable with the situation in front of him. He hasn’t even been consistant with how he treats his own race it is just he loves to be in front of the media and run others down.

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