The text discusses how Saudi Arabia's new mBRIDGE CBDC is threatening the position of the US dollar, signaling the potential end of American financial hegemony. It explains that Saudi Arabia is slowly breaking ties with the US dollar, which harkens back to the fundamental economic principle of tradeoffs. Just as a Big Mac tastes good but is unhealthy, or Chipotle is healthier but more expensive, countries must choose their economic priorities.

The article suggests that the US has been heading toward this "disaster" for several years, and that this is not solely President Joe Biden's fault. It notes that the 99Bitcoins YouTube channel recently released a video titled "It's Over, Saudi Arabia Just BROKE the US Dollar", exploring this topic in depth.

The text also discusses how actions like banning gas by 2035, as seen in states like California and New York, can force oil-producing countries to find new revenue streams, ultimately leading to Saudi Arabia's move away from the US dollar. The article takes a politically agnostic stance, acknowledging that the US dollar's decline is a complex issue with far-reaching implications for the global economy.

Source: https://99bitcoins.com/news/its-over-saudi-arabia-just-broke-the-us-dollar/

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