News Analysis The Kingdom of Saudi Arabia (KSA) is considering a major defection from its long-standing economic alliance with the United States. The likely winner would be China. Having priced all of its oil in dollars since 1974, which has helped give the greenback massive value globally, the Saudis are softening to persuasion from Beijing, to start pricing some of its oil in yuan. This fits the Chinese Communist Party’s (CCP) goal to become globally hegemonic, as oil pricing in yuan would increase the yuan’s value and decrease the value of dollars, making it harder for the United States to issue debt and export goods. Countries around the world would start dumping the dollar as a reserve currency. Inflationary pressure would lead to a downward spiral in the dollar’s value. This would be a long process, but Beijing is now making headway in Riyadh, the Saudi capital. The Organization of …