The Saudis are the key to holding the American dollar as the reserve currency for oil. They control our government in many ways because of that.
Our US Armed Forces are in effect a mercenary army for the Saudis. They control important parts of our foreign policy. Although we are in a position to negotiate with them, we eventually must come to an agreement that is to their liking.
It would be easy for Saudis to switch the reserve currency to the Euro as Russia is already poised to facilitate that happening. If this switch were to occur, the economic devastation for not only Americans but the America ruling class would be unprecedented.
It really is about the oil. The hope for a solution is with fracking.
God help us.
Glenn just said the EXACT same thing.
Yep. That would stop the printing presses . . . our dollar would be so worthless. China is signing deals left and right to settle trades in funds other than our US Dollar.