Saudi Arabia's petro-dollar exit: A global finance paradigm shift
The crucial decision to not renew the contract enables Saudi Arabia to sell oil and other goods in multiple currencies, including the Chinese RMB, Euros, Yen, and Yuan, instead of exclusively in US dollars. Additionally, the potential use of digital curren...
FREEDOM finally from the Cabal /US hegemony, all good from here on.
but but but we still have some major hard and confusing time before we can switch over.
Agreed, NO pain NO gain.
Chaos for a little bit. Oh, don't forget toilet paper or mullein.
Is SA now able to defend itself against all invaders? The petro dollar agreement has two parts; 1, SA agrees to trade/sell oil in US dollars, and 2, in return the US guarantees to defend SA against any and all attackers. This is why the US was involved in the gulf war.
So if SA does not renew the deal, who will defend the kingdom from attack?
Think Russia or China?
And somehow they can keep gold and silver prices down STILL!
Precious metals pricing cannot be held down much longer and will skyrocket before the election. The egregious size of the national debt compounded by high interest rates will ensures that will happen. And Biden will own it all because it is going to happen on his watch.
I know, right? They really are good at manipulating that.
**Someone here said I sounded like a Debbie Downer from Disney. I went thru currency collapsed before as a kid. I know how bad it was. You might have money, but your money won't buy you shoelaces. **
You would be correct, if I did my homework correctly 3 years ago, I am fairly prepared. Still going to suck though.
Yes. It would suck still even for those prepared. For the unprepared, holding small toilet papers.