You can't find anything because the post is fake. It originated on some rando site pushing people to "invest" in silver, and was then re-posted by Jack Straw. Remember, any idiot can publish any bullshit they want to on the Internet... and they do.
In reality, Saudi Arabia announced last year that they would accept other currencies in addition to the U.S. dollar - so the dollar is no longer the only currency used for the sale of oil. This will eventually cause problems, but it will take a while. The crap about not accepting U.S. dollars is a lie.
If this were even a rumor, it would be front page news. Even if the MSM were sequestering it, the conservative new media boys who are all waiting for the inevitable collapse to cash in their gold and use all that prepper stuff they have would be running with it. It'd be trending on X, etc. News like that would spread like wildfire, especially because so many conservatives are retirees utterly dependent on the value of their saved dollars not collapsing.
Also, this is GAW, so I can remind this audience that Trump went to Saudi and the King threw him a sword dance. MBS is an ally. He knows a strong America is an indispensable ally. We've armed him to the teeth, made him rich, and both sides of that equation would love for it to continue.
What is wrong with money pulled out of thin air,,,,,, You want your “FIX” it’s costing you in SILVER or GOLD, the old days of executing LEADERS of the oil overbearing countries IS OVER. Example Libya Muammar Gaddafi, Saddam Hussein Abd al-Majid al-Tikriti Iraqi both wanted to covert from USA fake dollars, both MURDERED BY USA
Omar Abouzeid
Lived in The United States of America (2009–2014)
Related
Why does the US want Saudi Arabia to sell oil exclusively using the US dollar?
The US dictates (not wants) all Arab Gulf states to do so in order to preserve the value of the US Dollar as a global reserve currency. The USD used to be backed by gold until 1971. From 1971 until the Petrodollar agreement, it was supported by the momentum and habit of the Bretton Woods agreement. Since the mid 70s, it has been supported by oil.
A global currency provides substantial economic privileges to the country that issues it. The strong and sustained global reserve demand inflates the currency’s value and the national purchasing power, which makes the people of this nation able to live beyond their means. The government of this country can create a lot of currency to finance government expenditure (e.g. military expenditure, corporate bailouts, economic stimulus etc..) without incurring proportional inflation since there’s a strong and sustained global demand for its currency. In short, it is a mass imperial resource expropriation scheme that’s maintained by military coercion.
Fortress America is not a bad idea. We could destroy all the oil exporters by developing the black shelf patents for free energy. We should have done it years ago. Trump will back the dollar with gold and silver and tell the world you want our grain, our meats, medical devices, our innovation. We only accept USD.
We don't need their oil. The US is the number one oil producer in the world. Seriously, look it up. We produce more oil than Saudi Arabia or Russia or anyone else.
Except we aren't producing it. Biden would rather let it rot in the ground and gas to skyrocket in price than produce a single extra drop of oil. Seriously, look it up.
AT the peak under President Trump, the US was producing 13.10 Million barrels a day. The pandemic dropped production. In January 2021, production was at 11 Million barrels a day. It has slowly climbed up under Biden and now sits at 13.10 million barrels a day, the exact same it was at under the peak for President Trump.
Yet we still buy millions of barrels from Saudi. We aren't producing enough and this will cause the price to skyrocket. If we don't need that oil, why are we buying it? We need to either increase production or get more from another source. Those are the facts.
It's because of refining capacity. The US is really good at oil refining. We can refine more oil than any other country. We can refine more oil than we are producing ourselves. We import oil, refine it into things like gasoline, kerosene, jet fuel, lubricants, etc, and then export those products all over the world.
Earlier, I mentioned that the US produces ~13 million barrels of oil a day, but we have the capacity to refine up to 18 million barrels a day. We import that oil, or we leave our refiners sitting idle. You might think we could just increase production, but even under President Trump, we hit the peak around 13 million barrels of production. It's hard to justify drilling more in the US when the Saudi's are selling it for cheaply.
Who knows if this is true. It could be the end of a deal Nixon made if it is supposed to end after 50 years. I wouldn't doubt it though because they've been hinting at it with BRICS and such.
Lots of articles out there stating this same thing, zerohedge had an article about it a year ago. I would link but it’s an old article and has been archived, I don’t have access to it.
I don’t use google, but you can find articles dating back to 2023 and even 2022 that talk about the end of the petro dollar using google. I honestly wouldn’t expect google to allow any news about the ending of this pact to hit msm, it’s google and they censor news that conflicts with the DS agenda.
Yeah, I mean people have been talking about the end of the petrodollar for years now, but this is the first I'm hearing about some agreement that bound Saudi Arabia to the dollar that was expiring soon.
I know they were in talks with Russia to join BRICS bloc, and drop the dollar, USA panicked and went begging for them not to, Thats the last real news Iv'e seen. I checked Zero Hedge the are usually all over it, nothing.
What your saying is trust Tic Tok. I'll wait.
They've been trying to make WW3 happen since Bidan came in. Afghanistan, Ukraine, Israel/Palestine, and probably Taiwan soon. They've tried to escalate all of them into a major war, and they've failed every time. The fact that they've failed to do so is a major notable towards patriot control.
For comparison, the last time they reset the financial system, we had the Great Depression, the Spanish Flu, the Bolshevik Revolution, and two World Wars.
There are two things that allow us to export our debt which allows us (Americans) to print money without being severely impacted.
One is the fact that the dollar's reserve currency status. Basically, dollars are held by every country in order to exchange goods and services with each other. The dollar is seen as a stable currency. These dollars are stored in financial instruments like 10 year bonds. It would work ok. The us screwed over Russia a few years ago when they took control over what Russia had in investment over the whole Ukraine thing.
The second thing at play is the dollar is just paper backed by nothing -- except the Saudi oil. If Saudi oil can only be purchased in USD, it has value. To any country that want Saudi oil, cough up the USD.
This, if true, will be a huge deal to our way of life as we will no longer be able to export the debt we print. Who would want the dollars?
Edit: this also partially explains the military actions we take around the world. It's all in the name of American hegemony.
And we're all just about ready to walk the F off... en mass.
Especially when days like today, (first Monday of the month) I gotta watch freeloaders with heaping carts grabbing all the good shit like locusts via EBT/SNAP + walking 3 negros wide down the isle, while whitey gets to pay full retail for everything @ $100+/bag.
Saudis will still accept USD, just not exclusively.
The world is still entangled in dollar-denominated debt. That is what it means to be the world reserve currency (and extremely dominant, over 80% of all transactions worldwide are in dollars).
Every other country borrows US dollars, those dollars are converted to their currency or spent on something else internationally.
The dollar isn't going to go away fast with the Saudis switching. It would take several other extreme international crisis happening at once which I currently don't see happening right now (USD-JPY goes vertical, Euro collapses, major country(s) adopt crypto, global supply chain collapse akin to 2020 or worse.
First you will see the dollars value rise if other countries can't easily get ahold of easy dollars. Your dollar will buy more but it'll choke other countries, and it becomes an avalanche of countries trying to break the noose around their neck.
Then it'll be a slow, painful,drawn out process that'll see extreme inflation for the US citizens. As other countries move away from the dollar, dollars flow back to their country of origin (USA) and increase the circulating money supply without an increase in demand. This causes inflating prices.
None this isn't to say you won't see a collapsing stock market in the USA. Too many loans have been created that can't be played back and that'll cause our electronic money supply to near instantly disappear when bankruptcies are rampant. If the Feds don't turn on the money printer this time, that'll probably be the catalyst to collapse the world, but you will likely not have dollars either if it's in a bank.
I thought taking down the federal reserve was a huge part of the mission, take away their financial ability and smoke them out while setting the place on fire.
I don’t doubt that we’ll have a black swan event, but I’m not holding my breath when the guy is telling someone I’ve never heard of “Since you’re the legend…” and it’s just a TikTok video.
Question: if roaring kitty does have the stock market by the cajones and if SA chooses to no longer trade in US dollars AND no longer accept US dollars, would that not be a black swan event? Or do we need a trifecta?
end of the petrodollar ----- june 9th
And oil Reserves have been drained, and FJB is still planning on taking more out.
Good, it'll send gas prices to $50 a gallon just in time for the election
If the post is true , I can't find anything?
You can't find anything because the post is fake. It originated on some rando site pushing people to "invest" in silver, and was then re-posted by Jack Straw. Remember, any idiot can publish any bullshit they want to on the Internet... and they do.
In reality, Saudi Arabia announced last year that they would accept other currencies in addition to the U.S. dollar - so the dollar is no longer the only currency used for the sale of oil. This will eventually cause problems, but it will take a while. The crap about not accepting U.S. dollars is a lie.
Some info in this article:
https://markets.businessinsider.com/news/stocks/the-us-is-facing-a-major-challenge-as-petrodollar-loses-force-1032063614
Thank you for taking the time and effort to set the record straight.
It's downright embarrassing that so many people will believe anything they read without questioning the least thing.
I didn't waste to much time.. it smelled..
There are articles about them raising the oil price in June. but NOTHING about dropping the dollar.
See my post below.
He may be directionally correct, or even prompting us to look up directionally correct, but he is not correct on the details for sure.
If this were even a rumor, it would be front page news. Even if the MSM were sequestering it, the conservative new media boys who are all waiting for the inevitable collapse to cash in their gold and use all that prepper stuff they have would be running with it. It'd be trending on X, etc. News like that would spread like wildfire, especially because so many conservatives are retirees utterly dependent on the value of their saved dollars not collapsing.
Also, this is GAW, so I can remind this audience that Trump went to Saudi and the King threw him a sword dance. MBS is an ally. He knows a strong America is an indispensable ally. We've armed him to the teeth, made him rich, and both sides of that equation would love for it to continue.
Will it. If it's not tied to fiat then the price isn't fixed by the printing of money.
What is wrong with money pulled out of thin air,,,,,, You want your “FIX” it’s costing you in SILVER or GOLD, the old days of executing LEADERS of the oil overbearing countries IS OVER. Example Libya Muammar Gaddafi, Saddam Hussein Abd al-Majid al-Tikriti Iraqi both wanted to covert from USA fake dollars, both MURDERED BY USA
NO OIL FOR YOU?
Black swan means unpredictable event. This isn’t that.
Yes --- the fact that they are predicting a "black swan" event ------ makes it NOT a black swan.
u/#correct
Omar Abouzeid Lived in The United States of America (2009–2014) Related Why does the US want Saudi Arabia to sell oil exclusively using the US dollar? The US dictates (not wants) all Arab Gulf states to do so in order to preserve the value of the US Dollar as a global reserve currency. The USD used to be backed by gold until 1971. From 1971 until the Petrodollar agreement, it was supported by the momentum and habit of the Bretton Woods agreement. Since the mid 70s, it has been supported by oil. A global currency provides substantial economic privileges to the country that issues it. The strong and sustained global reserve demand inflates the currency’s value and the national purchasing power, which makes the people of this nation able to live beyond their means. The government of this country can create a lot of currency to finance government expenditure (e.g. military expenditure, corporate bailouts, economic stimulus etc..) without incurring proportional inflation since there’s a strong and sustained global demand for its currency. In short, it is a mass imperial resource expropriation scheme that’s maintained by military coercion.
Looks like my 17th wedding anniversary is going to be a little extra interesting.
17, what a surprise! Congrats.
Want to hear one even better? Baby is due November 5th!
Donald john good name new baby
QT if it's a girl? ;o)
Congrats and I do hope you have the fixin's and fireworks ready...OUTSTANDING!!!!! and CONGRATULATIONS!!!!
In case I forget by the 9th, Happy Anniversary!
Epic anniversary date... As Borat would say, "very nice"
Fortress America is not a bad idea. We could destroy all the oil exporters by developing the black shelf patents for free energy. We should have done it years ago. Trump will back the dollar with gold and silver and tell the world you want our grain, our meats, medical devices, our innovation. We only accept USD.
If everyone goes to BTC and silver/gold, “USD” will be largely irrelevant.
From my amateur mind, it seems like BTC could settle overnights with discrepancies being shored up every so often.
Welcome to $18 a gallon gas. The crash is going to be epic.
I don't know, if they're not using dollars, then it's more for us I say.
If they aren't accepting dollars, it's less gas for us. We won't be able to buy it from them and they are our biggest supplier.
We don't need their oil. The US is the number one oil producer in the world. Seriously, look it up. We produce more oil than Saudi Arabia or Russia or anyone else.
Except we aren't producing it. Biden would rather let it rot in the ground and gas to skyrocket in price than produce a single extra drop of oil. Seriously, look it up.
AT the peak under President Trump, the US was producing 13.10 Million barrels a day. The pandemic dropped production. In January 2021, production was at 11 Million barrels a day. It has slowly climbed up under Biden and now sits at 13.10 million barrels a day, the exact same it was at under the peak for President Trump.
You can see the details here below: https://ycharts.com/indicators/us_crude_oil_field_production
If you have a better source, I'm open to checking it out.
Yet we still buy millions of barrels from Saudi. We aren't producing enough and this will cause the price to skyrocket. If we don't need that oil, why are we buying it? We need to either increase production or get more from another source. Those are the facts.
It's because of refining capacity. The US is really good at oil refining. We can refine more oil than any other country. We can refine more oil than we are producing ourselves. We import oil, refine it into things like gasoline, kerosene, jet fuel, lubricants, etc, and then export those products all over the world.
Earlier, I mentioned that the US produces ~13 million barrels of oil a day, but we have the capacity to refine up to 18 million barrels a day. We import that oil, or we leave our refiners sitting idle. You might think we could just increase production, but even under President Trump, we hit the peak around 13 million barrels of production. It's hard to justify drilling more in the US when the Saudi's are selling it for cheaply.
https://www.statista.com/statistics/273579/countries-with-the-largest-oil-refinery-capacity/
Not just that, but the dollar will then be backed by nothing, nada, zilch. It will be a piece of paper.
Don't know the definition of a dollar we see.
Nor do you know what a Federal Reserve NOTE is.
JFK paid for knowing and trying to inform the public.
I do know, thank you. Was speaking generally, which is easier for a normie to digest.
loybn Got
What u/standingoak said.
The words you say do not mean what you think they mean.
I, too, like the Dollar.
Who knows if this is true. It could be the end of a deal Nixon made if it is supposed to end after 50 years. I wouldn't doubt it though because they've been hinting at it with BRICS and such.
https://old.reddit.com/r/SilverDegenClub/comments/1d5oxwk/june_9th_the_agreement_between_united_states_and/
Ya. I'm going to need a slightly better source than Tik-Tok as well.
Tic Tok to Twitter = red flag
I don't have X, has anyone looked at the replies
Hey welcome back! Lots of habbenings re: GME lately.
Never left! I'm more of a lurker, but when I get excited I sometimes post to get that energy out in the world.
The best is yet to come!!
Lots of articles out there stating this same thing, zerohedge had an article about it a year ago. I would link but it’s an old article and has been archived, I don’t have access to it.
Nothing on Google yet...
I don’t use google, but you can find articles dating back to 2023 and even 2022 that talk about the end of the petro dollar using google. I honestly wouldn’t expect google to allow any news about the ending of this pact to hit msm, it’s google and they censor news that conflicts with the DS agenda.
Yeah, I mean people have been talking about the end of the petrodollar for years now, but this is the first I'm hearing about some agreement that bound Saudi Arabia to the dollar that was expiring soon.
agreement...with us? Ha! https://www.youtube.com/watch?v=0-57KOwG9co
I know they were in talks with Russia to join BRICS bloc, and drop the dollar, USA panicked and went begging for them not to, Thats the last real news Iv'e seen. I checked Zero Hedge the are usually all over it, nothing. What your saying is trust Tic Tok. I'll wait.
No, I’m not saying trust tik tok. SA joined BRICS. https://www.bloomberg.com/news/articles/2024-01-31/brics-gets-boost-as-saudi-arabia-joins-group-of-emerging-nations
Zero hedge article. https://www.zerohedge.com/geopolitical/brics-project-century
I’m gonna go out on a limb here and say, and maybe my math is a bit sketchy…
… but by my calculations, neither 57+70 nor 57+70whatever equal 2024.
Does anybody know where the actual contract is?
And didn’t this contract get signed under Nixon?
Considering Saudi IS looking at joining BRICS, we should probably look at this anyway.
This isn’t a bad article. Edit: till the last bit anyway!
https://www.financialsense.com/contributors/jerry-robinson/the-rise-of-the-petrodollar-system-dollars-for-oil
Should we start the 'count down'?
72-hour rule
What happens if the dollar falls in value on international trading markets?
Our exports will increase, for one.
Jobs will move back home for two.
WAR will happen, the ultimate distraction. We saw it with 9/11, remember what happened the day before.
What did happen the day before. I don't remember timing.
This happened Sept 10th
https://youtu.be/4FWFAs9ffGk?t=19
Rummy declaring that trillions of dollars cannot be tracked.
Might be what Boonies is indicating as the "day before"
Yep, that’s it.
;)
Rumsfeld, Pentagon missing 2.3 trillion dollars on 9/10/2001.
They've been trying to make WW3 happen since Bidan came in. Afghanistan, Ukraine, Israel/Palestine, and probably Taiwan soon. They've tried to escalate all of them into a major war, and they've failed every time. The fact that they've failed to do so is a major notable towards patriot control.
For comparison, the last time they reset the financial system, we had the Great Depression, the Spanish Flu, the Bolshevik Revolution, and two World Wars.
I hope you’re correct, but I think this is the event that kicks things off. The federal reserve knows what happens when their currency dies.
Can someone give an in-depth comment on what will the impact of this event.
Here's my understanding.
There are two things that allow us to export our debt which allows us (Americans) to print money without being severely impacted.
One is the fact that the dollar's reserve currency status. Basically, dollars are held by every country in order to exchange goods and services with each other. The dollar is seen as a stable currency. These dollars are stored in financial instruments like 10 year bonds. It would work ok. The us screwed over Russia a few years ago when they took control over what Russia had in investment over the whole Ukraine thing.
The second thing at play is the dollar is just paper backed by nothing -- except the Saudi oil. If Saudi oil can only be purchased in USD, it has value. To any country that want Saudi oil, cough up the USD.
This, if true, will be a huge deal to our way of life as we will no longer be able to export the debt we print. Who would want the dollars?
Edit: this also partially explains the military actions we take around the world. It's all in the name of American hegemony.
Open to correction.
To make it simple, the only collateral USA has is us the taxpayer.
There goes my bottle cap collection. Ouch!
🤣🤣
And we're all just about ready to walk the F off... en mass.
Especially when days like today, (first Monday of the month) I gotta watch freeloaders with heaping carts grabbing all the good shit like locusts via EBT/SNAP + walking 3 negros wide down the isle, while whitey gets to pay full retail for everything @ $100+/bag.
Someone ask what would happen if this is real.. I think Fat people will get skinny.
Link to an article that talks about impact, I have no idea if it’s realistic or not. I imagine the federal reserve dies, hopefully. https://www.activistpost.com/2013/03/what-will-follow-death-of-petrodollar.html
It will be deeply big.
: )
No, because black swan events are surprises, and Saudi Arabia has been flirting with this idea for years. See this article from over two years ago:
https://www.wsj.com/articles/saudi-arabia-considers-accepting-yuan-instead-of-dollars-for-chinese-oil-sales-11647351541
So this is a controlled demolition of the federal reserve. I like it.
maybe not a black swan, but an economy crusher?
Saudis will still accept USD, just not exclusively.
The world is still entangled in dollar-denominated debt. That is what it means to be the world reserve currency (and extremely dominant, over 80% of all transactions worldwide are in dollars).
Every other country borrows US dollars, those dollars are converted to their currency or spent on something else internationally.
The dollar isn't going to go away fast with the Saudis switching. It would take several other extreme international crisis happening at once which I currently don't see happening right now (USD-JPY goes vertical, Euro collapses, major country(s) adopt crypto, global supply chain collapse akin to 2020 or worse.
First you will see the dollars value rise if other countries can't easily get ahold of easy dollars. Your dollar will buy more but it'll choke other countries, and it becomes an avalanche of countries trying to break the noose around their neck.
Then it'll be a slow, painful,drawn out process that'll see extreme inflation for the US citizens. As other countries move away from the dollar, dollars flow back to their country of origin (USA) and increase the circulating money supply without an increase in demand. This causes inflating prices.
None this isn't to say you won't see a collapsing stock market in the USA. Too many loans have been created that can't be played back and that'll cause our electronic money supply to near instantly disappear when bankruptcies are rampant. If the Feds don't turn on the money printer this time, that'll probably be the catalyst to collapse the world, but you will likely not have dollars either if it's in a bank.
Name definitely checks out 😁
Good reply.
Thank you! This has been what I study in my free time since 2020. Lots of really great people to listen and learn from out there.
I hope what I say can be helpful.
In fact, I'll have to study your reply, it seems very thorough.
I recommend listening to the first 30 min of this video.
It's a rundown of 4 essential Economic Theories:
Very good to understand to make your own conclusions going forward.
The 4 Economic Theories | Uneducated Economist https://www.youtube.com/watch?v=R8LsnN2hf9o
Thank you, I've put it on my "watch list" for when I catch some free time.
Well printing money will not solve that problem..
1957 to 2024 is not 70 years.
That’s why these evil disciples including Bidan are building or built their bunkers. They know what is coming.
Looks like that will be the day the USD died. Now that's a datefag I can get behind. As much as it will hurt, this must happen.
6/9/6
Glad I held on to my motorcycle...(Friends were ordered to slay me on sight if I ever owned a Prius)
Isn't the end of the petrodollar another nail in the rothtards coffin? 🤔
I thought taking down the federal reserve was a huge part of the mission, take away their financial ability and smoke them out while setting the place on fire.
My 34th. 34÷2. Nov 5th, election day.
Yay, fiat petrol dollar is dead.
It doesn’t get more Black Swan than this!
I don’t doubt that we’ll have a black swan event, but I’m not holding my breath when the guy is telling someone I’ve never heard of “Since you’re the legend…” and it’s just a TikTok video.
Maybe it gets backed by GME lol
Didn't Killary and Condoleezza ordered saturation bombing and the spooks murder the leaders of the last guys who tried this before ?
This will be dasting.
Question: if roaring kitty does have the stock market by the cajones and if SA chooses to no longer trade in US dollars AND no longer accept US dollars, would that not be a black swan event? Or do we need a trifecta?
So what happens with bank loans? How does this play out? Anyone have any idea?
There is no source in this, probably fake
I wonder what other countries will do that have their currency pegged to the US$.
Will they unpeg and reset/revalue?
Probably, this article gives a good rundown. https://www.zerohedge.com/geopolitical/brics-project-century