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Thread: Destruction of the US dollar

  1. #121
    Petrodollar dominance ending - Saudis "consider" accepting yuan for oil instead of dollars

    https://www.wsj.com/articles/saudi-a...d=hp_lead_pos6
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book



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  3. #122
    The globalists MUST bring America to heel. As Americans continue to resist, Theye keep ramping up the campaign. I suspect Theye probably destroy the dollar with some regret, but do so because nothing else seems to be working. As things stand with the average American qualifying as nary better than a low-grade moron, both intellectually and morally, it would seem that ruining the dollar might well do the trick. OTOH, hard times tend to shake people from their voluntary, nay willful stated of stupor, so you never know what may ultimately transpire. Black market economies based on actual money, or perhaps bitcoin. If enough people got on board, Theye would have either to stand down, which we all know they will not, or escalate yet again. But one can push even a whipped dog only so far.
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  4. #123
    Quote Originally Posted by devil21 View Post
    Petrodollar dominance ending - Saudis "consider" accepting yuan for oil instead of dollars

    https://www.wsj.com/articles/saudi-a...d=hp_lead_pos6
    This is the biggest story of this DECADE and NOBODY save a few posts here and there are talking about it.
    1776 > 1984

    The FAILURE of the United States Government to operate and maintain an
    Honest Money System , which frees the ordinary man from the clutches of the money manipulators, is the single largest contributing factor to the World's current Economic Crisis.

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    Belief, Money, and Violence are the three ways all people are controlled

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    Our central bank is not privately owned.

  5. #124
    Looks like Saudi Arabia is close to joining BRICS. Petrodollar almost done.

    https://theconservativetreehouse.com...omic-alliance/

    At the conclusion of the summit, he confirmed the intent of Saudi Arabia to join the BRICS economic coalition, which should not come as a surprise given the previous statements by Saudi leader and Crown Prince Mohamed Bin Salman (MbS).

    (MSM) Ramaphosa confirms Saudi Arabia wants to join Brics family. This was revealed by President Cyril Ramaphosa during his two-day state visit to the kingdom on Sunday.

    “The Crown Prince (prime minister Mohammad bin Salman bin Abdulaziz al Saud) did express Saudi Arabia’s desire to be part of Brics and they are not the only country,” said Ramaphosa. He confirmed this on Sunday during an engagement with the media.

    Brics held its first summit in 2009, with SA (south africa) joining the following year. The bloc has generally been seen as an alternative to the dominance of the western economies.

    “We did say that Brics having a summit next year under the chairship of South Africa in SA and the matter is going to be under consideration.

    “A number of countries are making approaches to Brics members, and we have given them the same answer that it will be discussed by the Brics partners and thereafter a decision will be made.” more at link
    Last edited by devil21; 12-09-2022 at 02:53 AM.
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book

  6. #125
    Quote Originally Posted by DamianTV View Post
    This is the biggest story of this DECADE and NOBODY save a few posts here and there are talking about it.
    Aside from a handful of folks, most people don't understand it. It involves very complicated economic theories like supply and (artificial) demand. Time is better spent on policing neighbors' mask wearing or solving the world's other low value problems on nextdoor.com.
    My Medical Records are Private

    "If a man says he'll get something done, then he'll get it done. You don't need to keep reminding him every 6 months." --phill4paul

  7. #126
    China-Arab summit, Xi personally attending in Riyadh

    https://www.reuters.com/world/chinas...es-2022-12-07/

    Chinese President Xi Jinping began a visit to Saudi Arabia on Wednesday that Beijing said marked its biggest diplomatic initiative in the Arab world, as Riyadh expands global alliances beyond a longstanding partnership with the West.

    The meeting between the global economic powerhouse and Gulf energy giant comes as Saudi ties with Washington are strained by U.S. criticism of Riyadh's human rights record and Saudi support for oil output curbs before the November midterm elections.

    The White House said Xi's visit was an example of Chinese attempts to exert influence, and that this would not change U.S. policy towards the Middle East.
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    Register for free to Reuters and know the full story

    "We are mindful of the influence that China is trying to grow around the world," White House National Security Council spokesperson John Kirby told reporters.

    China, the world's biggest energy consumer, is a major trade partner of Gulf oil and gas producers. Bilateral ties have expanded under the region's economic diversification push, raising U.S. concerns about growing Chinese involvement in sensitive infrastructure in the Gulf.


    Energy Minister Prince Abdulaziz bin Salman on Wednesday said that Riyadh would remain a "trusted and reliable" energy partner for Beijing and that the two countries would boost cooperation in energy supply chains by establishing a regional centre in the kingdom for Chinese factories.

    Saudi Arabia is China's top oil supplier and Xi's visit takes place while uncertainty hangs over energy markets after Western powers imposed a price cap on sales of oil from Russia, which has been increasing volumes to China with discounted oil.

    The Chinese delegation is expected to sign deals worth $30 billion with Riyadh, Saudi state media had said.
    'EPOCH-MAKING VISIT'

    Xi was met by the governor of Riyadh, the kingdom's foreign minister and the governor of sovereign wealth fund PIF.

    Crown Prince Mohammed bin Salman is expected to offer Xi a lavish welcome, in contrast with the low-key reception for U.S. President Joe Biden whose censure of Saudi Arabia's de facto ruler formed the backdrop for a strained meeting in July.

    Xi will hold bilateral talks with Saudi Arabia and Riyadh will later host a wider meeting with Gulf Arab states and a summit with Arab leaders which will be "an epoch-making milestone in the history of the development of China-Arab relations", foreign ministry spokesperson Mao Ning said.

    Speaking on arrival in Riyadh, Xi said he would work with the Gulf Cooperation Council (GCC) and other Arab leaders "to advance Chinese-Arab relations and Chinese-GCC relations to a new level", Saudi state news agency SPA reported.

    For Riyadh, frustrated by what it sees as Washington's gradual disengagement from the Middle East and a slow erosion of its security guarantees, China offers an opportunity for economic gains without the tensions which have come to cloud the U.S. relationship.

    "Beijing does not burden its partners with demands or political expectations and refrains from interfering in their internal affairs," Saudi columnist Abdulrahman Al-Rashed wrote in the Saudi-owned Asharq Al-Awsat newspaper.

    Unlike Washington, Beijing retains good ties with Riyadh's regional rival Iran, another supplier of oil to China, and has shown little interest in addressing Saudi political or security concerns in the region.

    Saudi Arabia, birthplace of Islam, had supported China's policies in Xinjiang, where the U.N. says human rights abuses have been committed against Uyghurs and other Muslims.

    Saudi officials have said that regional security would be on the agenda during Xi's visit. The United States has for decades been Saudi Arabia's main security guarantor and remains its main defence supplier, but Riyadh has chafed at restrictions on U.S. arms sales to the kingdom.

    Riyadh has said it would continue to expand partnerships to serve economic and security interests, despite U.S. reservations about Gulf ties with both Russia and China.
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book

  8. #127
    Quote Originally Posted by devil21 View Post
    China-Arab summit, Xi personally attending in Riyadh

    https://www.reuters.com/world/chinas...es-2022-12-07/
    Interesting. Perhaps next we will see China broker peace between the Saudis and Iran, in an alliance against the west...
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  9. #128
    ZH follow-up on Xi-Saudi meet:
    https://www.zerohedge.com/markets/xi...-military-ties

    Concerning the latter area, the WSJ details that "One of the agreements involves a top Saudi renewable energy company, Acwa Power, and the Industrial & Commercial Bank of China Ltd.—China’s largest commercial bank, which is a direct participant in CIPS, the Chinese version of SWIFT—hinting at deepening financial cooperation between the countries."
    Saudis officially join BRICS at the June 23 2023 BRICS summit in....New York? It's being held at UN HQ, how ironic, but probably operationally important since it's in the banking city and Wall St will no doubt be involved in the summit, probably unofficially. Obviously there's huge ramifications across all dollar-denominated markets. Since Sept crash hasn't really materialized this makes me want to change my markets crash prediction to start in Feb and completely crash going through June. Everything dollar-denominated would be at risk.

    Looks like there's a new sheriff in town. Check out the Saudis genuflecting toward Xi:
    https://twitter.com/AZgeopolitics/st...52277332307968

    (something about an old Saudi quote about how they once rode camels....then they rode in Mercedes Benzs....then would ride on camels again.........)
    Last edited by devil21; 12-09-2022 at 02:58 AM.
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book



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  11. #129
    Saudi Arabia To Trade In Currencies Other Than The Dollar
    https://www.thefinancialtrends.com/2...an-the-dollar/
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  12. #130
    It's nice to see the rest of the world catching up to threads I've been posting for the last 14 years. Apparently there's a running dialogue between an ex-Fed economist and a Russian economic minister about reintroducing gold-backed currency, but based on CBDC.

    https://www.zerohedge.com/geopolitic...r-global-south

    ---------------------
    My other old thread about reintroduction of gold-backing starting from 2015 (some good nuggets of info in there to maybe pay attention to, especially in this pivotal year):
    http://www.ronpaulforums.com/showthr...-money-is-done
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book

  13. #131
    Contrarian Thoughts On The Petro-Yuan And Gold-Backed Currencies

    https://www.zerohedge.com/markets/co...ked-currencies
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  14. #132
    Two South American States Take Big Step To Reduce Dollar-Dependency

    https://www.thefinancialtrends.com/2...ar-dependency/
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

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