Saudi Arabia Just Killed Our US Petrodollar

[YabbaDabbaDoo]

As per PLX's request below

 

[Ben Waylin]

Nixon already did this back in 1971.



We've since had a fiat currency.

 

[YabbaDabbaDoo]

Nixon already did this back in 1971.



We've since had a fiat currency.

No, the US petro dollar was put in place in the early 70s. No, Nixon didn't kill it.

 

[Ben Waylin]

No, the US petro dollar was put in place in the early 70s. No, Nixon didn't kill it.

You're quite ignorant, aren't you.

 

[YabbaDabbaDoo]

You're quite ignorant, aren't you.

Suck my cock. Now THAT'S ignorant thinking you could. Shouldn't you be over at TGP where you fit right in or have they fucked you off too?

 

[Ben Waylin]

Suck my cock. Now THAT'S ignorant thinking you could. Shouldn't you be over at TGP where you fit right in or have they fucked you off too?

The government held the $35 per ounce price until August 15, 1971, when President Richard Nixon announced that the United States would no longer convert dollars to gold at a fixed value, thus completely abandoning the gold standard.

-- source FederalHistoryReserve.com

It's not my fault you are both stupid and angry.

 

[YabbaDabbaDoo]

The government held the $35 per ounce price until August 15, 1971, when President Richard Nixon announced that the United States would no longer convert dollars to gold at a fixed value, thus completely abandoning the gold standard.

-- source FederalHistoryReserve.com

You're the site's troll for sure. Who mentioned fiat currency? My thread is about the Petro dollar. Fuck, it's my thread and not yours, you want to talk about fiat start your own but you rarely do. I don't like you and you really don't contribute to this site as you're mostly trolling and you're not funny. I'd rather deal with the other more sane off topic Texan. With that, I'll ignore you and can most certainly ignore me, everyone's a winner. By the way, I still can't feel your lips around my cock so I'm surely ignorant.

 

[Ben Waylin]

You're the site's troll for sure. Who mentioned fiat currency? My thread is about the Petro dollar. Fuck, it's my thread and not yours, you want to talk about fiat start your own but you rarely do. I don't like you and you really don't contribute to this site as you're mostly trolling and you're not funny. I'd rather deal with the other more sane off topic Texan. With that, I'll ignore you and can most certainly ignore me, everyone's a winner. By the way, I still can't feel your lips around my cock so I'm surely ignorant.

Bro, are you fucking retarded, or what ?

 

[2ncicu]

Open up US oil reserves for US use ONLY- let the Saudis eat sand or each other. Don't care either way. Play nice in the Sandbox kittys.

 

[YabbaDabbaDoo]

As per PLX's request below

 

[JackTheBear]

Gold, silver, land, vehicles, ammunition, firearms, food, medical supplies, satellite Communication, all good.
Oh, and get the hell out of the cities.

 

[Ben Waylin]

OPERATION SANDMAN now activated – Saudi Arabia announces END of dollar dominance in global oil trade … the dominoes begin to fall on the US empire​

Operation Sandman has now been activated, with Saudi Minister of Finance, Mohammed Al-Jadaan, telling Bloomberg TV (during a WEF Davos interview) that the Saudis will gladly accept all currencies for settling oil transactions.

The foundational pillar of US global currency dominance and its ability to export inflation to the world is based on the so-called Petrodollar status, in which the US agreed to protect the (corrupt) Saudi kingdom in exchange for the Saudis demanding US dollars for all oil transaction settlements. This agreement has been in place since the Bretton Woods conference in 1944 and has carried the dollar until today.

But this arrangement is now coming to an end.

Very few Americans have any clue what this means to their assets and their future.

Also, very few people realize that over 100 nations are prepared to renounce the petrodollar as the dominant currency for oil settlements. Instead, many nations are going to switch to using the Yuan (from China), or the digital Yuan, or the new BRICS+ commodities-backed reserve currency that’s about to be launched by China, Russia, India and other participating nations.

The dominoes have been set into motion. And as this plays out, it means dollars will come flooding back to the United States as world nations dump the greenback fiat currency they no longer need. This means dollars will experience rapid devaluation in their purchasing power, which will be reflected in higher prices — i.e. inflation — in consumer goods such as groceries, automobiles and more.

Although this will take time to be fully realized, it also means that those people left holding dollars will be financial ruined as dollar purchasing power evaporates. The government response to all this is almost certain to include a new wave of mindless money printing, adding yet more dollar inventory to the flood of dollars being dumped by nations of the world. The end game is, of course, hyperinflation as the dollar loses not just 2% of its purchasing power per month, but may even slide into losing 10%, 20% or even more per month (in the final blowout stage). Think Weimar Germany as the end game here.

Protecting assets now becomes a matter of urgency​

Among informed Americans — and anyone holding dollars — protecting assets must now become a top priority. This means we should expect a rapid shift of excess dollars into hard assets over the next several months: Gold, silver, land, vehicles, ammunition, firearms, food, etc. Check Comex silver inventories if you want to know what the insiders are already doing (hint: They are taking physical delivery of precious metals and emptying the vaults).

It also means that the prices we see today in almost everything are likely the lowest prices we’ll see for years to come. At some point, plummeting populations (mass vaccine die-offs) and rising interest rates will have a strong deflationary effect, but that doesn’t seem to be in the cards for 2023 or even 2024. All the strongest factors remain inflationary, and the Saudi decision to sell oil in currencies other than dollars is going to devalue dollars which means consumer prices will be inflated in dollars.

We strongly urge all readers to investigate strategies for asset diversification and reducing exposure to dollars, dollar-denominated assets (such as bonds) and the entire US banking system which seems increasingly fragile.

Everyone with an IQ above 98.6 saw this coming 20 years ago.



You chumps living in major metropolitan areas have no idea what's abut to come down on your heads.

 

[YabbaDabbaDoo]

I'm smelling a know all know nothing fuckwit troll. Trolls need to understand that not everyone saw this coming so this is a simple a PSA to be helpful and not troll. You should contact Scott and kiss his ass and beg to go back as you fit right in there. You're way too smart for all of us here.

 

[Ben Waylin]

I'm smelling a know all know nothing fuckwit troll. Trolls need to understand that not everyone saw this coming so this is a simple a PSA to be helpful and not troll. You should contact Scott and kiss his ass and beg to go back as you fit right in there. You're way too smart for all of us here.

Scott ?

Your PSAs are about as helpful and insightful as a man running into a burning building shouting "FIRE" !

 

[YabbaDabbaDoo]

Scott ?

Your PSAs are about as helpful and insightful as a man running into a burning building shouting "FIRE" !

Why are all Texans on this site useless and nothing but trouble. I seriously hate the term dumbass redneck but it sure is your name. Like I said, ignore me and I'll be forever grateful. I'm confident others on here feel the same way about you. Why don't you start some threads instead of trolling all day every day.

 

[Ben Waylin]

All this bullshit you've posted here is old news..

I bought arable land 20 years ago, moved away from the 4th largest city in the US, and now live here - completely self sufficient.

Good luck with the coming apocalypse, fuckwit.

 

[YabbaDabbaDoo]

All this bullshit you've posted here is old news..

I bought arable land 20 years ago, moved away from the 4th largest city in the US, and now live here - completely self sufficient.

Good luck with the coming apocalypse, fuckwit.

That's great and enjoy it.

 

[Ben Waylin]

That's great and enjoy it.

 

[SQUAREHEAD]

… a happy ending??

 

[YabbaDabbaDoo]

Just to be clear, you want to be a smart ass with me I'm not a walkover and I don't suffer smart ass fools silently. You started being a cock and this is what got us here. Be civil and I'm perfectly okay. If you're happier in smarter company maybe this site is beneath you and you should search for a greener pasture for yourself. If things are okay here why be a cock and piss people off. Everything was fine until you being a douche.