Read an article that said Saudi Arabia is moving closer to selling China oil in yuen and not US dollars. Would this be the end of our economic stability for the foreseeable future?

No. Saudi Arabia has nothing but oil. China needs our food.

India is talking about the same thing. Yes I think it would be a disaster for us.

This video is rather long but very informative. It goes a lot toward explaining an important function of the dollar. My opinion is that we are nearing an uncomfortable change, yet it is not definite. There is still time. It can be found on YouTube.

Principles for Dealing with the Changing World Order by Ray Dalio

States and Saudis signed an agreement to sell oil in USD in exchange for protection by the US military.
They are likely moving to make a new agreement with China for protection after dopey Trump threatened to reneg on the agreement and also surrendered to the Taliban hanging the Afghan partners out to dry.
That and Trumps efforts to weaken the Nato alliance left the USA being seen as unreliable partners on the World stage.
Good thing you Americans got rid of him just in time.
Biden has done a fantastic job re inforcing the Nato alliance and repairing the damage done by the ham handed trump.Biden has been getting them to increase their defense spending and show solidarity in the face of communist agression.Quite the opposite of Trumps arse kissing of Putin and Kim.

Wow I am Glad u live in canada !!!

Sure cant disagree with you there.

You almost hit the nail on the head Boco.

The Biden administration released a report in February 2021 accusing Saudi Arabia's Crown Prince Mohammed bin Salman of having "approved" the 2018 operation that resulted in the death of Jamal Khashoggi, a columnist for the Washington Post. Prior to this, President Joe Biden pulled U.S. support "for offensive operations" taking place in Yemen, signaling a break with Saudi Arabia and a clear shift from the Trump administration's Middle East policy.

Additionally, the United Arab Emirates and Saudi Arabia have said they are concerned about the U.S. taking part in talks geared toward reviving the Iran nuclear deal.

https://www.washingtonexaminer.com/...-chinese-currency-over-us-dollars-report

Old ham handed trump guaranteed that Iran went back to creating nuclear weapons.

Should have auctioned Saudi oil fields to American companies after taking down the Saud family and making the place a U.S. territory.

Aramco was American and Saudi.
Not sure if Aramco was nationalized later by SA,most likely.

This ^ kind of thinking right here is why Canada has turned into a communist country. The comments about Trump are not even true. Just regurgitated nonsense from the MSM. There is zero hope for anyone who thinks Biden has done anything right. He has been a disaster on every front and is likely to get us into WW3. Its telling that Bidens approval rating is lower than Trumps was at this point.

Trump governed under a position of strength, which is exactly what is needed. It is true that the USA is now seen as unreliable but thats Bidens fault, not Trumps. I think it angers the people who hated Trump to now see just how wrong they were. The nightmare were living in was caused by the loony left, of that theres no doubt...on both sides of the border.

The Russian ruble has gained something like 50% since its low a couple weeks ago. Putin was smart, he has been buying gold for some years now. That has obviously helped the ruble. Our politicians would be wise to take notice...

Its amazing that Boco can get such good weed that far up in the bush!!

SMH. people have no idea what the consequences would be if OPEC countries started accepting other currencies for oil.

Yup.

America is very fortunate to have control of the worlds currency everything is traded in and can print more anytime it wants.

The globalist and China and a few other countries want that to end. And when it does your savings could become almost worthless overnight.

Those investing in Crypto currency are investing in the crash of the US dollar.

Bidens puppet masters in the EU want him to print and spend as fast as he can, and he is doing a pretty good job. Now get us bogged down in an expensive war and feed the war machine to speed it up even more.

It all boils down to who has the the most gold and China is almost there.

[quote=yukonjeff]

Those investing in Crypto currency are investing in the crash of the US dollar.
/quote]

I disagree. I believe that they/ we are investing in crypto, and monetary metals for that matter, to protect ourselves from the dangers of fiat currency and central bank oligarchy. It's an evil and devious system.

For a currency to be the "world" currency it has to be accepted pretty much everywhere.
China is a long way from that.
It also has to have the backing of a stable and reliable state that has a rule of law.
Something we have been slipping on but china is a long way from right now.

Go around the world with a hand full of Yuan and Benjamin's and see which one is accepted more often than not.

I say Canadian Tire money should be the world currency.

I agree DD:

I think the Saudis are more concerned with putting pressure on Biden to NOT reach an agreement with Iran over nukes. I think any thinking person would agree that the Iranian government can't be trusted with nukes.

Some oil has traded in other currencies for quite a while but the volume is insignificant. At least 80% of oil is still traded in dollars.