Changes

On June 12, 2024, BRICS News [[tweet]]ed, "Saudi Arabia's 50-year-old petrodollar agreement with the United States has expired, with no new agreement in place. Saudi Arabia will now sell oil in multiple currencies, including the Chinese RMB, [[Euro]]s, [[Yen]], and Yuan, instead of exclusively in US dollars."<ref>[https://twitter.com/BRICSinfo/status/1801005240658858443 BRICS News], Jun 12, 2024. twitter.com/BRICSinfo</ref>

On June 12, 2024, BRICS News [[tweet]]ed, "Saudi Arabia's 50-year-old petrodollar agreement with the United States has expired, with no new agreement in place. Saudi Arabia will now sell oil in multiple currencies, including the Chinese RMB, [[Euro]]s, [[Yen]], and Yuan, instead of exclusively in US dollars."<ref>[https://twitter.com/BRICSinfo/status/1801005240658858443 BRICS News], Jun 12, 2024. twitter.com/BRICSinfo</ref>

When dollars flow back into the United States from abroad, they are most often used to purchase [[US]] [[stock market|stocks]] or [[real estate]]. This makes various stock indexes on [[Wall Street]] more of a reflection of the [[globalism|global economy]] than as it traditionally has been interpreted as a reflection of the jealth of the US domestic economy. Likewise, the purchase and control of real estate by foreign principals is of concern to most US states and localities.

When dollars flow back into the United States from abroad, they are most often used to purchase [[US]] [[stock market|stocks]] or [[real estate]]. This makes various stock indexes on [[Wall Street]] more of a reflection of the [[globalism|global economy]] than as it traditionally has been interpreted as a reflection of the health of the US domestic economy. Likewise, the purchase and control of real estate by foreign principals is of concern to most US states and localities.

===De-dollarization===

===De-dollarization===