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The Real Story Behind The 50-Year-Old U.S.-Saudi Oil Contract That Didn’t Exist
Finance expert Henry C. Johnston debunks rumors about a supposed U.S.-Saudi oil contract expiring, which some claimed would spell the end of the petrodollar system. Instead, he explains that the real shift is happening due to new economic alliances among BRICS nations, especially China, Russia, and India, who are trading oil using their own currencies. Johnston suggests these rumors might be pushing for more yuan-based oil trades with China offering advanced tech in return. Meanwhile, U.S. sanct
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