#dollar #petrodollar #brettonwoods #gold #opec #saudiarabia #fiatcurrency #reservecurrency #geopolitics
Today I look at some developments in the relationship between the United States of America and the Kingdom of Saudi Arabia as it pertains to the 1970s Petrodollar agreement designed and negotiated by then U.S. Secretary of State Henry Kissinger.
Last week, according to the WSJ, the U.S. pulled Patriot Missile batteries and other forces from the Kingdom. I look at an article by The Spectator that touches upon this development and one of the conclusions I come to is that the President of the United States might just have put the Petrodollar system out of action for good.
The Spectator article: https://www.spectator.co.uk/article/has-trump-finally-decided-to-dump-saudi-
The Rise of the Petrodollar System: “Dollars for Oil”: https://www.financialsense.com/contributors/jerry-robinson/the-rise-of-the-petrodollar-system-dollars-for-oil
China Delivers Knockout Blow to Petrodollar. Part 1:
China Delivers Knockout Blow to Petrodollar. Part 2:
China Delivers Knockout Blow to Petrodollar. Part 3:
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Thanks again for educating us. The debt is solidly in the Trillions. One had better get into something tangible. It is here.
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Thanks again for the interesting and educational material. Looks like China's knockout punch, to PetroDollar, gave the USA, a standing-eight-year-count.
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There is still time to get some of these:
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Gregory Mannarino would disagree. He thinks that the petrodollar is still the driving force behind the MIC. It is all they care about.
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