- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: So Saudi’s didn’t renew 50 yr agreement to trade oil in US Dollars - a BIG DEAL?
Posted on 6/13/24 at 9:30 am to The Patriarchy
Posted on 6/13/24 at 9:30 am to The Patriarchy
quote:
By mandating that oil be sold in U.S. dollars (DXY), the agreement elevated the dollar’s status as the world’s reserve currency.
So how do we explain the massive push to get rid of oil? They know the end of the petrodollar is coming so they wanna transition off of oil to hurt the competition?
0
Posted on 6/13/24 at 9:32 am to Covingtontiger77
This sucks, but I hope we have given the last dollar in aid and military support to SA.
Of course we haven’t. 80% of military aid and foreign support ends up in American politician’s pockets.
Of course we haven’t. 80% of military aid and foreign support ends up in American politician’s pockets.
Posted on 6/13/24 at 10:47 am to SlowFlowPro
quote:
The USD is favored because we have an economy that nobody else can compete with as well as a military to ensure international trade.
Anyone else could have tried to compete. Europe tried on the economic front, and failed, for example. There was a time when people thought the Euro would replace the USD. There was a competition over a few decades and the USD won, bigly.
While an individual country may not surpass the American economy, a collection of countries increasingly trading among themselves and not using the dollar could be troublesome. This is happening now and gaining momentum. Any economic loss and decrease use of the dollar certainly doesn't help America, it will only continue to weaken us.
Big wheels turn slow, it could be years before serious consequences reveal themselves. One thing is certain, we need a change.
Page 2 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News