Is the world finally tired of printed paper backed by US military might?
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If this materialises and successful US will be in trouble.
Imagine all Dollars going back to US since nobody wants it.
Biden is a failure
The US belligerence which is making energy trade to take place outside the dollar system is the biggest blunder in history.
It’s not gonna happen.
These ghaseers have such an irrational hatred of Russia that they won’t stop with the nonsensical economic policies, which have failed to destroy Russia. Putin will take full credit for accelerating the dollar’s downfall. The guy is calculative and looks at the bigger picture. Europe has already sanctioned the hell out of Russia, to the point they’re now introducing new sanctions to reinforce the earlier ones :D:D:D.
Blowing up the Nord Stream will turn out to be Joe Biden’s biggest blunder. This brazen act of international terrorism will not be swept under the rug, no matter how hard they try. Every other country in the world sees who the actual aggressors are and naturally moves to protect themselves. If they can do it to Russia, then no country is safe from these rabid western dogs.
Hizi ni rumors gani surely? 
Nord stream sabotage lazma itakuwa avenged…one day.
Who knew France would entertain Chinese Yuan one day?
US has reserve oil in plenty. It will use that as a leverage.
they will regret electing a senile fool and a deluded indian deputy who is more concerned with jailing black americans . these are things the CIA should have seen years ago and nipped in the bud
That is actually a weakness in the grand scheme of things . The US used to be the biggest importer of oil and the dollars Saudis received would be circulated internationally.
Pricing of oil in dollars also resulted in huge dollar demand and allowed the US to live above her means.
Enter China now the world’s biggest energy consumer and US belligerence against major oil producers from Iran to Venezuela to Russia to Saudi Arabia and you have the perfect geopolitical environment to dedollarize.
If the US wants to continue enjoying the exorbitant privilege, it would make sense to kill it’s oil industry kiasi so that it can buy more oil.
Degree muhimu sana…
They would do the opposite. Start selling their reserves at lower prices and destabilize the market. Europe and other oil importers will go for the cheap US oil and this will arm-twist the major oil producers to resume dealing in dollars to save their economies.
How do you kill the domestic oil & LNG industry when you’ve sanctioned Russia, Iran, Venezuela and your energy poor vassals need these resources?
Fracking companies thrive on high oil & LNG prices. Lower prices and you will kill that industry.
Even kenyan economy will suffer like hell. time to jump ship
No. It would be good news for Kenya who are net importers (in fact 90%)
Upus. The strategic oil reserve can store 700 million barrels and has a daily draw down of 4 million barrels.
The world’s daily oil consumption is 90 million barrels
Degree muhimu sana.
They need to decide what’s more important, the empire or oil industry. They can’t have it both ways.
They can’t be self sufficient in oil and still want to control the rest of the world’s crude trade.
Kwani other countries cannot lower their prices.