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To: MeganC

The dollar is kaput. With the Saudis declining to renew the Petrodollar agreement that has kept the dollar pre-eminent over 70 years, you have no idea what is going to happen when all those dollars circling the globe come rushing back into the US.

The only thing holding this system together right now, is the Euro which is on the decline.

You can only gum up everything with miserable decisions just so far.


5 posted on 06/12/2024 1:30:28 PM PDT by OpusatFR
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To: OpusatFR

The dollar is debased, no joke. That still doesn’t save the ruble from its eventual fate.


9 posted on 06/12/2024 1:44:35 PM PDT by MeganC (❤️❤️❤️❤️❤️❤️❤️)
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To: OpusatFR

>pre-eminent over 70 years

50 years. But yeah, it’s toast.

From 1974:
https://www.nytimes.com/1974/06/09/archives/milestone-pact-is-signed-by-us-and-saudi-arabia-acclaimed-by.html


16 posted on 06/12/2024 2:35:57 PM PDT by fretzer
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To: OpusatFR

Oh my God, you fell for a fake tweet?

You really think there is a written “petrodollar” agreement? And it expired last Sunday?

And the price of oil really didn’t change?

That’s what you think?

Are you getting your economic news from Steve Quayle? LOL:


19 posted on 06/12/2024 2:50:11 PM PDT by Vermont Lt (Don’t vote for anyone over 70 years old. Get rid of the geriatric politicians.)
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