Petro Dollar

Petro Dollar

When your dollar is no longer backed by oil it has to be backed by force.

 

Threatening Saudi Arabia? The petrodollar settlement agreement expired, and Saudi Arabia notified the United States that it would not renew the contract! On June 9, Reuters reported that the US military urgently increased its troops in the Middle East, dispatching a large force including the 82nd Airborne Division, the 13th Ranger Division and the 1st Cavalry Division, as well as two National Guard regiments, with a total of 150,000 troops, to Iraq, Jordan, Bahrain, Saudi Arabia, Oman, Kuwait and Qatar. The increase in troops is said to be to cooperate with Israel’s military operations against Hezbollah in Lebanon. However, is it so easy to increase troops, 150,000 people overnight? It seems that Reuters is also a mouth cannon!

🚨 MAJOR DEVELOPMENT: Saudi Arabia Joins CBDC mBridge to End US Dollar Dominance? (THE TRUE REASONS)

 

$Dollar Death$

$Dollar Death$

This guy argues the opposite but conveniently forgets that the dollar has already lost 99% of its value and if China no longer accepts the dollar as payment from the US then where is America going to buy its cheap manufactured goods? His arguments about the Eurodollar and offshore dollar are meaningless if holders default on their debts and/or payments and turn to China instead. The currency is backed by Saudi oil, with them investing their profits in US treasuries.  What happens when they no longer do that?  Then the dollar is only backed by force.

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It Begins! End of US Dollar’s Reserve Status Starts As China Strikes Deals with Brazil, Saudi Arabia (4 min)