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COMFIRMATION AND QDROP LINKS TO THE END OF THE PETRODOLLAR !!!
note: confirmation via a.i, will see if the deal with saudi arabia is available
Qdrop 3393
21000089, >>21000121, >>21000125 EYES ON - THE PETRODOLLAR IS OVER AS OF 9TH JUNE 2024, DAVID KURTEN EXPLAINS
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The petro dollar deal with saudi arabia with the united state in 1974
In 1974, the United States and Saudi Arabia signed a significant agreement that established the petrodollar system, which linked the value of the US dollar to the price of oil. This deal was brokered by US Secretary of State Henry Kissinger and Saudi Deputy Premier Prince Fahd Ibn Abdel Aziz.
Key Points:
The agreement established that Saudi Arabia would sell its oil exclusively in US dollars.
The US would provide military aid and protection to Saudi Arabia.
The deal was seen as a “milestone” in US relations with Saudi Arabia and Arab countries in general.
The agreement created two joint commissions: one on economic cooperation and another on Saudi Arabia’s military needs.
Four joint working groups were established to prepare recommendations and plans for the economic commission.
The two governments also agreed to consider cooperation in other areas, such as trade and investment.
Impact:
The petrodollar system gave the US dollar a new level of global importance, as it became the standard currency for international oil transactions.
The deal helped to cement the US-Saudi alliance, which has remained strong to this day.
The agreement also contributed to the rise of the US as a global economic power, as the petrodollar system helped to maintain the value of the US dollar.
Context:
The deal was signed during a time of high oil prices and economic uncertainty, following the 1973 Arab-Israeli war and the subsequent oil embargo.
The agreement was seen as a way to stabilize the global economy and ensure a steady supply of oil to the US and other major oil-consuming countries.
Overall, the petrodollar deal with Saudi Arabia in 1974 was a significant event that had far-reaching consequences for the global economy and international relations. It established the US dollar as the standard currency for international oil transactions and cemented the US-Saudi alliance, which has remained strong to this day.
THE PETRODOLLAR IS OVER AS OF 9TH JUNE 2024, DAVID KURTEN EXPLAINS !!
Note: The contract between saudi arabia and the usa made a deal in 1974 for 50 years which expired on the 9th june. Saudi arabia has now made another 50 year deal with china, watch for market moves, the reserve currency for the u.s.a is over !!!
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The Petrodollar ended on 9th June 2024. We are now in a new era.
3,080 views 10 Jun 2024
A 50- year deal between the USA and Saudi Arabia to sell oil only in dollars is over.
China deal is a bit bothering. Sure, Chinese are cleaning their DS, but nobody is safe while the CCP is ruling
Dawn For The Petroyuan? Putin couldn’t have been more explicit. During Xi’s state visit, he named the Chinese yuan as his favored currency to conduct trade in. Ever since Western sanctions were levied on the Eastern European country for its invasion of Ukraine early last year, Russia has increasingly depended on its southern neighbor to buy the oil other countries won’t touch.
Trade Between China and Russia Has Surged In just the first two months of 2023, China’s imports from Russia totaled $9.3 billion, exceeding full-year 2022 imports in dollar terms. In February alone, China imported over 2 million barrels of Russian crude, a new record high.
Except that now, the yuan is presumably being used to make these settlements.
As Zoltar Pozsar, New York-based economist and investment research director at Credit Suisse, put it recently: “That’s dusk for the petrodollar… and dawn for the petroyuan.”