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Will The U.S economic collapse happen in 2018? The Chinese have effectively challenged the dollar’s dominance by launching the petro-yuan, leading some to believe the US dollar’s collapse is all but imminent. After all the preparation, all the expectation, cheerleading and doomsaying, China’s Yuan-denominated crude oil futures contract began trading tonight and appears to be o a good start with well over 10 billion yuan notional traded within the first hour.
This could be a death blow for an already weakening U.S. dollar, and the rise of the yuan as the dominant world currency. Prepare for economic collapse and U.S. stock market crash!