Knock on effects....Israel's central bank adds the Chinese yuan and three other currencies to its $206 billion reserves, reducing the allocation for the dollar and the euro.

Monetarily, the US & EU are acting as rogue states in the financial sphere (my opinion) with the actions against Russia. Compare the actions against what we've seen happen against China and its human rights violations, Iran in its sponsorship of terrorism, the Saudis in their attacks in Yemen, etc...the list goes on. I predicted nations would act to insulate themselves from future actions of this type and since the Israelis are particularly vulnerable due to the Palestinian issue, they acted OPENLY, first.

Maybe not the end of the petrodollar but probably the beginning of the end.

 

NEW - Israel's central bank adds the Chinese yuan and three other currencies to its $206 billion reserves, reducing the allocation for the dollar and the euro.https://t.co/XaT3bTvaOJ

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