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446
BOOM! Saudi Arabia Announces End of US Petro Dollar (halturnerradioshow.com)
posted 1 year ago by Gods_plan_trumps_all 1 year ago by Gods_plan_trumps_all +449 / -3
BOOM! Saudi Arabia Announces End of US Petro Dollar
The Kingdom of Saudi Arabia announces that they officially are open to settling trade for Oil and Natural Gas in currencies other than the US...
halturnerradioshow.com
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▲ 16 ▼
– noquo89 16 points 1 year ago +21 / -5

This is fucking horrible. Our entire currency is valued specifically because it is the world currency for oil trade. EVERYONE BUYS OIL WITH THE USD, so right now everyone has an insane amount of WORTHLESS USD that is experiencing inflation on top of their already worthless currencies that are experiencing their own even worse inflation. This is going to lead to further inflation for everyone else as they're left holding the bag of worthless USD and make our life, and anyone else who holds bonds, miserable as our treasury bonds CRASH.

Our dollar is worthless and now our debt (how we make more dollars) is worthless. This is FUCKED, STOCK UP ON SUPPLIES NOW WHILE THE DOLLAR IS WORTH A DAMN!!!!!

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▲ 3 ▼
– HotSnakes 3 points 1 year ago +5 / -2

Chill the fuck out.

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▲ 1 ▼
– noquo89 1 point 1 year ago +4 / -3

It might not happen tomorrow, but eventually something will replace the USD as the FX currency because of this move. And when that day happens, you can't say I didn't warn you.

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▲ 4 ▼
– HotSnakes 4 points 1 year ago +6 / -2

You warned me. I warned me. Everyone warns everyone. If the US economy crashes the world crashes

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