Скачать или смотреть Saudi Arabia Just Ended Dollar Oil Pricing—Washington Scrambles as Markets REPRICE |Yanis Varoufakis

Saudi Arabia Just Ended Dollar Oil Pricing—Washington Scrambles as Markets REPRICE |Yanis VaroufakisOn February 18th, 2025, a 47-minute meeting in Riyadh changed everything: China proposed purchasing 800,000 additional barrels per day of Saudi crude priced entirely in yuan, and the Saudi Finance Minister responded with "let us study the details"—diplomatic language for serious consideration. This isn't theoretical: Saudi Arabia already completed its first yuan-priced oil sale to China in July 2024 (48,000 barrels/day), and global dollar-denominated oil transactions have plummeted from 89% in 2022 to 73% by early 2025—each percentage point representing $50-60 billion in evaporating dollar demand. Washington established an emergency "Dollar Defense Initiative" in January 2025, but leaked Fed documents show economists projecting dollar reserves falling from 58% to 42% by 2035, triggering what they call "significant adjustment in US fiscal capacity" and "material impacts on standards of living." The sophisticated money is already repositioning: central banks added 1,037 tons of gold in 2024 (highest since 1967), yuan reserves grew from zero to 3.2% in under a decade, and even working alternatives like CIPS now process $12 trillion annually across 1,400+ institutions. Saudi Arabia's willingness to price oil in yuan isn't a negotiating tactic—it's recognition that alternatives now exist, they work, and the 50-year petrodollar monopoly that created artificial dollar demand is ending in real time.
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