Global Economy Insights: End of the Petrodollar, Higher Rates Fueling Inflation, Grocery Chains Collapsing

This compilation of financial-related insights includes videos from ITM Trading, Kitco News, Steven Van Metre, and Epic Economist. Saudi Arabia has made a crucial decision to participate in the CBDC Project mBridge, as reported by Taylor Kenney on ITM Trading. This move is seen as a direct challenge to the dominance of the US dollar, especially in the oil market, which has been traditionally supported by the petrodollar system since its inception in 1972. The exclusion of US dollar transactions in Project mBridge could potentially lead to a significant shift in global currency reserves, reducing the demand for the dollar…