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Started By
Message
re: Saudi Arabia's petro-dollar exit: A global finance paradigm shift
Posted on 6/12/24 at 6:58 pm to Night Vision
Posted on 6/12/24 at 6:58 pm to Night Vision
"time for a regime change"
0
Posted on 6/12/24 at 7:17 pm to biscuitsngravy
quote:No, it isn'.t
Hard to understate the significance of this.
quote:No, it won't. It will modestly reduce it. Which is probably good.
This will dramatically reduce the demand for dollars.
Posted on 6/12/24 at 7:24 pm to Night Vision
Biden and his controllers are fixing to FAFO
Posted on 6/12/24 at 7:24 pm to notiger1997
quote:
They do own the largest refinery in the US as well as other storage facilities and pipelines. I'm sure they would like for things to keep working out well for them with those profitable assets.
That refinery is like the ant on the foreskin of a dick on a giant to the Saudis.
Posted on 6/12/24 at 7:25 pm to Night Vision
It's coming. America continues to decline in international standing. Other countries don't want to be held hostage to our dollar by sanctions or share in the dollars inflation due to
our terrible economic mismanagement.
I've read and listened to some blow off BRICS.
The top 5 members of BRICS make up 41% if the world's population. American leadership have driven other countries away from us and without some major changes, that will continue. We will no longer be a super power.
our terrible economic mismanagement.
I've read and listened to some blow off BRICS.
The top 5 members of BRICS make up 41% if the world's population. American leadership have driven other countries away from us and without some major changes, that will continue. We will no longer be a super power.
Posted on 6/12/24 at 7:26 pm to Nosevens
quote:
Biden and his controllers are fixing to FAFO
No they’re not. We are. They won’t feel anything. Almost no one in our government will feel any ramifications or financial distress from this.
Posted on 6/12/24 at 7:27 pm to Night Vision
This is a BFD. But gay crosswalks are most important.
Posted on 6/12/24 at 7:39 pm to lsuguy84
They will find out how much the American people can dump their collective arses. The penalty paid will be world repercussions. While Americans have sufficient resources the struggle here will come from all those illegals they let in
Posted on 6/12/24 at 7:50 pm to lsuguy84
quote:
No they’re not. We are. They won’t feel anything. Almost no one in our government will feel any ramifications or financial distress from this.
Yes, they are worried about the escalating costs of their own private security in a world that is desperately hostile. There is an army of invaders with nothing to lose who are organizing home invasions of every top ten percent neighborhood. Well funded foreign soldiers with data and a mission to kidnap, rape, and spearhead the bioinvasion.
The misleaders have sold you out folks. Get ready to fight to defend yourself and your family.
Posted on 6/12/24 at 7:52 pm to Nosevens
quote:
While Americans have sufficient resources the struggle here will come from all those illegals they let in
Sufficient resources?? Please explain. 65% of Americans can't access $1000 for an emergency!! And will only get worse. Our economy will bottom out.
Posted on 6/12/24 at 7:53 pm to biscuitsngravy
quote:
Hard to understate the significance of this. Requiring foreign countries to purchase Saudi oil in dollars was the major basis for why the dollar is the reserve currency. Being the reserve currency is also why our idiotic government can run massive deficits. This will dramatically reduce the demand for dollars. And limit the effectiveness of sanctions. The dollar endgame begins.
Crazy times.
not just the power of the dollar but US Electronic Funds Transfer system and through SWIFT. Korea and China have their own local EFT systems that are looking to expand globally. when I was in Korea last year everyone was purchasing goods through apps. Koreas most popular social media messaging app called KaKaotalk is connected to peoples banks. in China they have Weibo. Russia is also developing their own app connected to their banks.
so yeah the technology gap and our fiat currency is going out of style. to the detriment of our great republic. thanks to neocon and libshits foreign policies.
Posted on 6/12/24 at 7:55 pm to lsuguy84
quote:
The adults are back in charge
Thank God
Posted on 6/12/24 at 8:15 pm to udtiger
Higher import Prices
Higher Long Term Rates
Higher Inflation
That cheap Chinese stuff will be more expensive.
Interest on the debt will be even higher.
A lot of this was accelerated by the wars.
Our exports just got cheaper. But guess what. We don't manufacture anything to export.
Dollar denominated Global Trade has already receeded from a high of 85% to somewhere in the 50s. Now it should go much lower.
Higher Long Term Rates
Higher Inflation
That cheap Chinese stuff will be more expensive.
Interest on the debt will be even higher.
A lot of this was accelerated by the wars.
Our exports just got cheaper. But guess what. We don't manufacture anything to export.
Dollar denominated Global Trade has already receeded from a high of 85% to somewhere in the 50s. Now it should go much lower.
This post was edited on 6/12/24 at 8:50 pm
Posted on 6/12/24 at 9:56 pm to Night Vision
This:
Controls this:
Leverage will always be our go to if needed as long as a Patriot is in charge!!
Controls this:
Leverage will always be our go to if needed as long as a Patriot is in charge!!
Posted on 6/12/24 at 10:19 pm to Timeoday
Confidence in the US Navy protecting shipping lanes is a joke right now.
Posted on 6/12/24 at 10:32 pm to Big Scrub TX
quote:
quote:
Hard to understate the significance of this.
No, it isn'.t
quote:
This will dramatically reduce the demand for dollars.
No, it won't. It will modestly reduce it. Which is probably good.
Thanks Big Scrub, I agree.
This needs to be filed next to the "china is selling all their US bonds and they own most of our debt".
Posted on 6/12/24 at 10:56 pm to notiger1997
quote:
What’s the latest on the powerful BRICS path forward?
They’ve officially added the two richest, KSA and the UAE, per capita economies in the world and more importantly they’re the home to the biggest sovereign wealth funds in the world.
Really, really not a LOL moment if you have US paper currency in your wallet.
Posted on 6/12/24 at 11:01 pm to Penrod
That's a new one. 
Posted on 6/12/24 at 11:08 pm to Big Scrub TX
The world consumes something like 90 million barrels of oil a day. All of which, per the prior agreement, had to be paid for in dollars. This artificial, worldwide, increasing dollar demand resulted in an ever expanding money supply, expanding our standard of living. The entire system has been 'money for oil'. It's the backbone of dollar strength and reserve status. It's our single largest export now (it used to actual things). We're the world's largest debtor nation that relies on deficit spending and debt sales to maintain our economic expansion. Ending this arrangement, and allowing purchases in yuan, yen, ruble means large dollars sold, flooding back. This is inflationary. It also means dollars can no longer be printed to solve our problems. No more QE or financial repression. Deficits can't continue. To not have high inflation, dollar supply would have to be reduced bigly. A dollar devaluation, higher inflation and interest rates as a result of artificial demand ending. Which part of this is wrong in your view?
Posted on 6/12/24 at 11:12 pm to lake chuck fan
We're going to get a lot poorer, and looking back, we're a lot poorer than we were 50 years ago. Once upon a time, you could raise a family off a single income. That's long since gone.
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