As you probably know by now, the 50 year long agreement between the USA and Saudi Arabia concerning the dollar monopoly on oil purchases finally expired today.
What are the political implications of oil-consuming countries not needed American currency anymore?
/mlpol/ - My Little Politics
Finally.
>>373780
What would they replace it with? The Yuan? Every ailment with the U.S. dollar is several times worse with the Yuan. The Euro, the Yen, or the Pound? Those economies are stagnant and occupy a decreasing portion of the pie. And even if they did switch, the “petro dollar” is a multiple decade old meme by now. Trade in stocks and bonds internationally is much more important, and oil is only a portion. Saudi Arabia might switch some of its trade to diversify, and thus may have some small effect, but I doubt it would be much.
What would they replace it with? The Yuan? Every ailment with the U.S. dollar is several times worse with the Yuan. The Euro, the Yen, or the Pound? Those economies are stagnant and occupy a decreasing portion of the pie. And even if they did switch, the “petro dollar” is a multiple decade old meme by now. Trade in stocks and bonds internationally is much more important, and oil is only a portion. Saudi Arabia might switch some of its trade to diversify, and thus may have some small effect, but I doubt it would be much.
>>373786
it likely wouldn't get replaced with anything, at least for a while. no idea what will happen when CBDC actually starts rolling out.
maybe all the banks will get together to force CBDC on everyone and governments will just kinda go with it because everyone is equally poor (by then).
it likely wouldn't get replaced with anything, at least for a while. no idea what will happen when CBDC actually starts rolling out.
maybe all the banks will get together to force CBDC on everyone and governments will just kinda go with it because everyone is equally poor (by then).
https://ronchapman.substack.com/p/saudi-arabia-to-end-petrodollar-pact
https://oilprice.com/Energy/Energy-General/Saudi-Arabia-Is-Open-To-Discuss-Non-Dollar-Oil-Trade-Settlements.html
https://www.bizcommunity.com/article/saudi-arabias-petro-dollar-exit-a-global-finance-paradigm-shift-670911a
You can expect foreign countries to start dumping their dollar reserves soon.
https://oilprice.com/Energy/Energy-General/Saudi-Arabia-Is-Open-To-Discuss-Non-Dollar-Oil-Trade-Settlements.html
https://www.bizcommunity.com/article/saudi-arabias-petro-dollar-exit-a-global-finance-paradigm-shift-670911a
You can expect foreign countries to start dumping their dollar reserves soon.
>>373780
Dump the dollar, fuck the jew-an, piss on the petro-shekels, and start upticking into those currencies which are still backed by silver, gold, and platinum. But, oh wait, that's why the Jewnited Estates has invaded over 500 countries since 1873.
Nearly every war since 1602ACE has had one goal: install a (((central banking system))). Except they were, through various eras, deemed: "national banks". It's long past time for the internationaliste kike empire to crumble.
And, IF, the bankers, politicos, or their lapdog shekelgoyim resist? Well, France was a great example, until it was cucked into joining the proto-League of Nations. Japan, a far better version, did well.. until the [royalty] sold out their own people. Same with the Austro-Germanic Empire, though that took nearly 30 years of infiltration to bring down.
For each traitor, sycophant, psychopath, or sociopath that is removed, ten similar others become afraid to commit. Never allow yourself to be governed, for the term govern means 'to control', and ment means 'mind'. Become ungovernable, just as Heemeyer and the Unilover discovered. No more Waco's. No more Ruby Ridges.
Dump the dollar, fuck the jew-an, piss on the petro-shekels, and start upticking into those currencies which are still backed by silver, gold, and platinum. But, oh wait, that's why the Jewnited Estates has invaded over 500 countries since 1873.
Nearly every war since 1602ACE has had one goal: install a (((central banking system))). Except they were, through various eras, deemed: "national banks". It's long past time for the internationaliste kike empire to crumble.
And, IF, the bankers, politicos, or their lapdog shekelgoyim resist? Well, France was a great example, until it was cucked into joining the proto-League of Nations. Japan, a far better version, did well.. until the [royalty] sold out their own people. Same with the Austro-Germanic Empire, though that took nearly 30 years of infiltration to bring down.
For each traitor, sycophant, psychopath, or sociopath that is removed, ten similar others become afraid to commit. Never allow yourself to be governed, for the term govern means 'to control', and ment means 'mind'. Become ungovernable, just as Heemeyer and the Unilover discovered. No more Waco's. No more Ruby Ridges.
DATA is the new petrol anyways. You're being mined.
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>>373802
>Dump the dollar
As much as I'd like to do that, I still get paid in dollars. Same goes for pretty much everyone in this economy, which is why inflation and bad monetary policy hurts us bad.
>Dump the dollar
As much as I'd like to do that, I still get paid in dollars. Same goes for pretty much everyone in this economy, which is why inflation and bad monetary policy hurts us bad.
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Have you considered investing in God the ultimate provider?
Treasures in Heaven are superior to all mortal currencies with the caveat that it is the only valuable meaningful currency in the future.
But did you know while the dollar backed by oil is falling apart, when enterprising horse fuckers have currency backed by authenticated genuine snowpitty mares and their pony pussy it and some other backing could mean a drastic shift in the global currency trades.
Because the point of currency is to provide a limited value such as ease of trade, a possible benchmark for a value of labor or product or demand or need or sociological desires.
Treasures in Heaven are superior to all mortal currencies with the caveat that it is the only valuable meaningful currency in the future.
But did you know while the dollar backed by oil is falling apart, when enterprising horse fuckers have currency backed by authenticated genuine snowpitty mares and their pony pussy it and some other backing could mean a drastic shift in the global currency trades.
Because the point of currency is to provide a limited value such as ease of trade, a possible benchmark for a value of labor or product or demand or need or sociological desires.