UAE Warns US It Could Sell Oil in Chinese Yuan if War Drains Dollar Supplies, Triggering Biggest Threat to the Petrodollar Since the 1970s

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.