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Global Powers Take Next Step to Dethrone U.S. and the Dollar

china russia overthrow petrodollar

China, Russia, and Saudi Arabia are rapidly aligning in response to trade sanctions and political discord from western nations. Together, they could soon bring a dramatic end to the global supremacy of America and the U.S dollar.

Foreign leaders have been laying the groundwork to overturn America’s international superpower status for years. But now, their plan is finally coming to fruition.

Let’s examine China, Russia, and Saudi Arabia’s latest steps to dethroning America and the dollar. And while their actions will likely have serious consequences for your bank account, there is one sure way to stay protected…

My Enemy’s Enemy Is My Friend

For decades, China, Russia, and Saudi Arabia had little incentive to be allies. In fact, relations amongst the three nations were either cold or nonexistent.

But over the past few years, that all started to change for one simple reason: The U.S. became their common enemy.

So what happened to make U.S. relations with these three nations so rocky?

In the case of China, accusations of currency manipulation, threats of increased trade tariffs, and opposition to Beijing’s “One China” policy — the nation’s legal push to classify mainland China and Taiwan as a single entity — brought U.S.-China relations to an all-time low.

The U.S.’s relationship with Saudi Arabia began to crumble back in 2014, when the Obama Administration refused to slow Iran’s growing power in the Middle East, while actually attempting to restore U.S.-Iran relations.

Saudi leaders viewed this as a clear affront to the 1945 meeting between President Franklin D. Roosevelt and King Abdulaziz, which established an agreement to exchange protection from the U.S. for unencumbered oil trade between the two countries — while also setting a new precedent that Saudi oil trade be brokered primarily in U.S. dollars (birthing the petrodollar).

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