UAE has issued an ultimatum to the US provide dollar backstops or face oil trades in Yuan. 🇨🇳
A rift with the Emirates isn't just geopolitics; it’s the funeral of the petrodollar.
If the Fed doesn't open swap lines, the world will watch a major oil hub pivot to ¥.
The US is trapped: either bail out an ally or watch China hijack the energy market.
This is a historic shift that marks the beginning of the end for dollar hegemony. Buckle up; the global financial architecture is crumbling before our eyes.
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