China’s Attempt to Replace the Petrodollar: Why San Antonio Homeowners Should Consider Going Solar!
As tensions between the United States and China continue to rise, one question on many people’s minds is how China’s actions may affect the American economy. One area of concern is China’s attempt to undermine the American Petrodollar. The Petrodollar is the system in which oil-producing countries agree to trade oil exclusively in US dollars.
This system has been in place since the 1970s and has helped to solidify the US dollar as the premier currency in the world. However, China is now making deals with countries like Saudi Arabia to trade oil in Chinese Yuan instead of US dollars. This could potentially lead to the downfall of the Petrodollar and have severe consequences for the US economy.
One of the biggest concerns is the possibility of hyperinflation. The US has been borrowing and printing money at a rate far surpassing that of the Weimar Republic, which ultimately led to hyperinflation and the rise of Hitler in Germany.
The Petrodollar has thus far helped to mitigate the effects of this borrowing and money printing, but if China succeeds in replacing the Yuan as the petro currency, it could lead to a doomsday scenario where every variable commodity, including electricity prices, rises beyond the average person’s ability to pay.
Homeowners in San Antonio should take note of this potential threat to cheap energy and consider going solar. By installing solar panels on their homes, they can lock in a flat energy payment for 20 years and avoid the potential for rising electricity prices. It’s important to start looking at quotes from solar installers and take action before it’s too late.
It’s important to note that this is just one of the threats to cheap energy and it would be wise to start looking at quotes from solar installers before it’s too late. China’s attempt to replace the Petrodollar with the Yuan is a serious concern and homeowners should take it into consideration when making decisions about their energy usage. The truth is that going solar is not only a wise decision for the environment, but also for your wallet.