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Saudi Arabia ends petrodollar agreement: What it means for the USD, Bitcoin, and gold
kitco ^

Posted on 06/13/2024 10:24:11 AM PDT by algore

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To: nitzy
This may be the only reason they would let Trump win in November. Let him be in the hot seat when the currency collapses and we need to replace it with a CBDC.

The currency, the economy, . It's all a shambles.

21 posted on 06/13/2024 11:23:57 AM PDT by voicereason (When a bartender can join Congress and become a millionaire...there’s a problem.)
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To: nitzy

The economic gurus will tell him, “If you don’t move to a CBDC the people will starve and there will be widespread ruination.”
———
Exactly. The amount of FEAR by Americans over a Flu caused many to run out and get jabbed by the MRNA kill shot……imagine the FEAR when .gov tells you will lose your 401’s, SS, Pensions, etc….IF you don’t go cashless…

Disclaimer: I saw through the MRNA kill shots, mandates, shutdowns very early on….I am a Pureblood, and I do have much sympathy for the Mudbloods.


22 posted on 06/13/2024 11:41:56 AM PDT by delta7
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To: Scott from the Left Coast

“But first, we’re gonna get poor like no one here has ever seen before, except in some very old movies. “

My parents and grandparents went through the depression in Hickman county, Tennessee. They were hardcore till the day they died. They became moonshiners and bootleggers to survive. We’ll survive but I have a hunch the troublesome elements of the population will see a severe decrease.


23 posted on 06/13/2024 11:43:17 AM PDT by dljordan (What would Michael Collins do?)
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To: Chgogal
(The Democrat Curse on America is coming home to roost.)

Especially since 2008 though there was/were LBJ, Bill Clinton and others.



Notice the 5th image of the Manchurian Candidate in the panel below



>
24 posted on 06/13/2024 12:09:42 PM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: algore

Was in place with Trump, and to be fair, Trump flooding all that vid stimmy money just pushed more into BRICS.


25 posted on 06/13/2024 12:54:25 PM PDT by redgolum
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To: algore

So now the dollar isn’t based on anything of intrinsic value. Hot diggidy!/sarc


26 posted on 06/13/2024 4:14:37 PM PDT by Eleutheria5 (Every Goliath has his David. Child in need of a CGM system. https://gofund.me/6452dbf1. )
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To: Eleutheria5
So now the dollar isn’t based on anything of intrinsic value.
The USD -was- based on the petrodollar scheme propping up our treasury auctions. I look for less propping up and more cashing out by foreigners/funds and foreign gov'ts.

How long can the FED keep buying our own treasuries?

27 posted on 06/13/2024 10:03:40 PM PDT by citizen (Put all LBQTwhatever programming on a new subscription service: PERV-TThose look good)
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To: citizen

Thank you, Richard Nixon. This is a bi-partisan cluster-f!@# that started a generation ago. Trajectory continues downward.


28 posted on 06/13/2024 10:50:23 PM PDT by Eleutheria5 (Every Goliath has his David. Child in need of a CGM system. https://gofund.me/6452dbf1. )
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To: Eleutheria5

Thank you Nixon, indeed. Opened up China - created the EPA - took us off the gold standard.

And I voted for him, as I cast my first ballot for a president.


29 posted on 06/13/2024 11:17:27 PM PDT by citizen (Put all LBQTwhatever programming on a new subscription service: PERV-TThose look good)
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To: citizen

He was a good man in many ways, but a lot of evil started with him and continued. First, the dollar got off the gold standard. Second, the Dems became impeachment happy to this day. Third, America lost a war. It was a lousy war, stupidly stumbled into, but losing it emboldened the enemies of freedom.

Just when America and the world recovered from that disaster, along came Joe, slow walking Joe, slow talking Joe, and made sure to lose another one. Now here we all are.

Juck Foe Biden.


30 posted on 06/13/2024 11:55:25 PM PDT by Eleutheria5 (Every Goliath has his David. Child in need of a CGM system. https://gofund.me/6452dbf1. )
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