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Donald Trump, Saudi Arabia, and the Petrodollar (Economic must read)
International Man ^ | 2/22/2017 | Nick Giambruno

Posted on 02/22/2017 8:26:58 PM PST by Tours

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1 posted on 02/22/2017 8:26:58 PM PST by Tours
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To: Tours

Bookmark


2 posted on 02/22/2017 8:29:53 PM PST by Pajamajan ( Pray for our nation. Thank the Lord for everythinug you have. Don't wait. Do it today.)
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To: Tours

The only problem for the Saudis is where do they go?

I’m not convinced there’s a good answer for that. The U. S. is the most stable place on the planet. Investments here are a good bet.

I am reminded of folks who have wanted Saudi Arabia taken out for decades.

If it is, it will be interesting to watch as reality hits home.


3 posted on 02/22/2017 8:35:02 PM PST by DoughtyOne (NeverTrump, a movement that was revealed to be a movement. Thank heaven we flushed!)
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To: Tours

And what will replace the dollar?


4 posted on 02/22/2017 8:36:42 PM PST by Chgogal (I will NOT submit, therefore, Jihadists hate me.)
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To: Tours

I’ve always said that Saudis are ISIS with lots of money.


5 posted on 02/22/2017 8:37:20 PM PST by palmer (turn into nonpaper w no identifying heading and send nonsecure)
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To: Tours

Depose the House of Saud, ISIS collapses.


6 posted on 02/22/2017 8:37:54 PM PST by allendale
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To: Tours

So we have to prop up the Saudis to save our own economic a$$es? I’ll take the risk and help sink Saudi Arabia.


7 posted on 02/22/2017 8:39:10 PM PST by vette6387
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To: DoughtyOne

“The only problem for the Saudis is where do they go?”
The House of Saud may collapse of its own accord...

Good-bye dollar.


8 posted on 02/22/2017 8:41:38 PM PST by Tours
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To: Chgogal

“And what will replace the dollar?”

When, not if (IMHO), the dollar collapses there will be a period of world-wide economic chaos. Who knows what the long term outcome will be.


9 posted on 02/22/2017 8:43:50 PM PST by Tours
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To: Tours

I wonder how much gold Saudi Arabia has? Take the world off the petrodollar and lose your power and your gold.


10 posted on 02/22/2017 8:44:54 PM PST by Vic S
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To: allendale

“Depose the House of Saud, ISIS collapses.”
Yes...as will most of radical Islamic terrorism.
However, the dollar may collapse in sync with the House of Saud. Currently, both are built upon a foundation of sand.


11 posted on 02/22/2017 8:46:35 PM PST by Tours
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To: Chgogal

That is my question and why I am skeptical of an apocalypse as described by the author. I find it difficult to believe the strength of the dollar is all predicated on Saudi oil.

But a collapse of our currency would surely cause the price of gold to rise. I still think SA has much more to lose by failed relations with the US


12 posted on 02/22/2017 8:46:58 PM PST by Navin Johnson
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To: Vic S

“I wonder how much gold Saudi Arabia has?”

I’ve read where some speculate it’s “stored” at the NY Fed, Bank of England and a few other central banks. In which case, it might have already been “loaned” out, i.e. gone!


13 posted on 02/22/2017 8:49:05 PM PST by Tours
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To: Navin Johnson

“I find it difficult to believe the strength of the dollar is all predicated on Saudi oil.”

And other oil producing Gulf States as well - Kuwait, Bahrain, Qatar and UAE.

It is also supported by being the currency of choice in the drug trade - the narco-dollar.


14 posted on 02/22/2017 8:51:56 PM PST by Tours
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To: Tours

This article smells like a buy gold commercial.


15 posted on 02/22/2017 9:02:41 PM PST by stillfree? (Sooooo Deplorable, but more irredeemable.)
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To: Tours

The dollar will not collapse. The dollar is the portal by which the world buys into the stability and wealth of the United States. The inherent constitutional stability of the United States which respects property rights, makes investments safe from arbitrary government action or seizure, and affords multiple paths of investment (equities, bonds real estate etc) creates demand for the dollar as foreign capital seeks a safe and productive haven.

It will be a great day when the “Arab Spring” burns through Arabia and incinerates the Wahhabi supporting and the 9/11 complicit House of Saud. The world will be better.


16 posted on 02/22/2017 9:06:11 PM PST by allendale
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To: DoughtyOne
The U. S. is the most stable place on the planet. Investments here are a good bet.

That doesn't matter to the forces opposed to us. they would topple the house of cards without any concern for what might come next. And there are others that would profit big time.

17 posted on 02/22/2017 9:08:55 PM PST by RC one (The 2nd Amendment is a doomsday provision, one designed for those exceptionally rare circumstances)
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To: Navin Johnson

There is an artificially created global demand for US dollars that allows us to run up 20 trillion dollars in debt without consequences. more than that, this arrangement allows us to tax the entire planet by forcing other countries to hold large stockpiles of US dollars and then continually devaluing those dollars. This is the status quo.


18 posted on 02/22/2017 9:11:41 PM PST by RC one (The 2nd Amendment is a doomsday provision, one designed for those exceptionally rare circumstances)
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To: Tours

Well, we’ll see. Dire predictions are easy to make, but reality has an interesting way of avoiding dire ramifications at times.

I can’t deny it’s a possibility.

Once again, where do people go that is better more stable than the dollar?

If I read Trump right, he wants to eliminate our debt as rapidly as is humanly possible.

I think that would help a lot.


19 posted on 02/22/2017 9:18:15 PM PST by DoughtyOne (NeverTrump, a movement that was revealed to be a movement. Thank heaven we flushed!)
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To: Tours

BTW: If he can just get us out of the deficit spending situation, that would help tremendously.

Then if he could get us where we don’t HAVE TO sell bonds to stay afloat, we’re actually in great shape.

I don’t know how much bonds we have to sell each year to keep us afloat, but I’d suspect that ends with the deficit spending.

That may be an erroneous perception.


20 posted on 02/22/2017 9:21:02 PM PST by DoughtyOne (NeverTrump, a movement that was revealed to be a movement. Thank heaven we flushed!)
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