Replies

Have the KSA stop buying US debt. Then you will see what is really meant by our greatest ally.

13 posted on 01/15/2019 9:26:01 AM PST by Vermont Lt

Not only your important point.

Note, the 1972 Saudi Arabian Petro-dollar agreement allowed the US dollar to become the world’s reserve currency AFTER Nixon took the dollar off the Gold standard in 1971.
We would NEVER have be able to run up a 22+ Trillion dollar national debt, if it weren’t for the fact that all OPEC oil is traded in US dollar debt notes.
That is why the US has been the KSA’s bitch for the last four decades.

RE: “Have the KSA stop buying US debt. Then you will see what is really meant by our greatest ally.”

43 posted on 01/15/2019 11:24:08 AM PST by MarchonDC09122009 (When is our next march on DC? When have we had enough?)

World central banks are rapidly de-dollarizing holdings.
Jan 2019 IMF chart data:
https://mobile.twitter.com/RonStoeferle/status/1085183509151416321/photo/1

46 posted on 01/15/2019 11:45:32 AM PST by MarchonDC09122009 (When is our next march on DC? When have we had enough?)

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