Theoretically, this would actually help the bottom 80% of Americans whose livelihoods are not coupled with asset ownership.
this post was submitted on 22 Apr 2026
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Could you expand on this?
Not op but maybe they're talking about how a reduction on the value of the dollar makes US exports more viable, and offshoring less valuable as the companies won't save as much on wages. So potentially good for US workers, bad for US consumers.
I'm not quite sure how, but believe it is do to ignorance not argument - is the logic that the petrodollar going away will reduce the value of USD...? Not sure how this helps the bottom 80% and legitimately curious.
My understanding is that reduction in value is usually alongside a reduction in purchasing power, which seems like a net negative regardless of your asset class.
Considering how inflation has erroded the purchasing power of USD in the United States, I cannot imagine further reduction would be helpful to people living paycheck to paycheck, especially when you consider minimum wage is still stuck at $07.25/hour, which is ridiculously low.
Will weapons of war still be sold in US dollars?
BTW, Yuan is the unit. The currency is RMB.
Isn't UAE unable to sell oil at the moment, due to the war? The currency they sell in makes no difference when there's no transactions taking place.