chriskosherbal:
pls read carefully for easy concentration leading to comprehension. 1974-2024 its 50 years .

DmonSlayer10:
2
Its time to change that reading glasses,sir

ShinnBet:


China can afford to walk away from it. Remember , they are the ones who actually make shit the world needs .

As for Saudis, their cash reserves in the US has since been liquidated and converted to bullion bars that are securely stored in a Siberian vault.

No one even trusts the US in holding their gold.

Germany demanded some years back to recoup back some of their gold stored in Fort Knox but all their attempts were waived aside. When they even demanded to see their gold in the vaults , they were still denied.

It's believed that there is no gold left in Fort Knox and that all or most of it has found its way to Israel were it was supposed to be stored in the future Third Temple.

There is a reason Lord Rothschild faked his death as now chilling in an underground mountain bunker in New Zealand.

ShinnBet:


You don't get it do you?

Saudis supply 11-12 million barrels of crude to the international market every single day. The demand and order for Saudi crude is done on a 30 day supply inventory . So if you wanted 100k barrels of crude for 30 days you have to source for dollars . This alone makes the dollar in strong demand as crude is an essential resource commodity in today's world.

The Russians supply same volume and it was once priced in same dollars until the stupidity of so-called sanctions on Russians effectively drove Putin to bypass the dollar all together. Now take out Saudi pricing in USD and the demand for dollars crashes. Country A that once bought crude from Saudi and Russia in USD had to keep their reserves in western banks in said USD. That reserve not only creates pressure on demand for USD but also adds liquidity to western financial gambling dens aka stock markets and treasury bills and bonds.

Take away the dominance of US as the Petrodollar and no one will have any need to convert their currencies to USD.

BALLOSKI:


What evidence have you on this assertion?

Firstcitizen:


There is a load of chatter online about clandestine mobilisation in western countries already, like something big is coming. Hope it is untrue though. Sunak calling a snap election and Macron following suit does not add up.

On the first serious rumour na to return to 9ja sharp sharp

ShinnBet:


Gbtyo made a thread about this on June 9th and it never made FP.

In that thread I was castigated by the now slavish western slaves.

There won't be a global recession . It's only those nations still stupid to hold their reserves in USD that are about to get the short end.

With 34 Trillion in debt and several trillions in USD floating around, all that now worthless fiat currency is heading back to the US.

Weimar levels of hyperinflation are set to hit the US.

The scariest bit here is what the US and London in particular will do on the global stage now that their middleman position has been dislodged.

I foresee the US and British navy returning to their inglorious roots as privateers sailing the high seas to disrupt economic trade . Coups in the global south ochestrated by Washington and London to keep third world within their sphere.

A multipolar world is about to emerge and with it, global proxy wars and another scramble for Africa.

The judeo-Anglo-Masonic order will not go down without taking the rest of the world with it.

I foresee a tactical nuke attack on the US eastern seaboard which will be blamed on the Russian fleet in the Caribbean. This will be a false flag by the deep state which they will use to justify an all out nuclear strike on Russia and China.

Predictions say the above could happen by 18th of June - next week Tuesday.

Biden cut his G7 trip back to Washington after all efforts to get the Saudis to reconsider ditching the dollar failed. Insider sources in the WH say articles of war declaration against Russia have been drafted for Dementia Joe to sign and that it will be sent to the US Congress today or by Monday.

Shit is literally about to hit the fan.

ShinnBet:
It's very unfortunate to see the level of financial illiteracy on this thread by the pro Petrodollar slaves of Judas.

First of, paper or digital currency, in whatever form or by whom issues it , is a debt instrument. It has no intrinsic value beyond what it is expected to redeem.

The USD is not even a currency by any measure as it has neither an intrinsic value like gold nor does it have a redeemable backing.

It is pure fiat!

Issued on the basis that everyone will accept it by force.

The USD is the greatest Ponzi scam ever pulled as it relies on everyone accepting to trade with it (by force), thus making New York and London unwanted middlemen in global trade.

Ask yourselves this pertinent question: what does the US and it's Siamese twin the UK contribute to global trade that they will dictate to the rest of the world on the means of exchange and debt?

Absolutely nothing when compared to resource rich nations like Russia , the Congo and nations that produce finished goods like Germany , Korea and China.

I can go on but it will be pointless until most posters here get at least the basic rudimental understanding that paper or digital currency has no intrinsic value beyond what it's agreed upon redeemable value in real goods and physical products are.

Konquest:

Nicely put.

The USD is NOT worth more than toiletpaper in the real sense... Just printed paper money. The hyperinflation makes it a double whammy for the USD which has experienced thr erosion of value or what it can buy over the decades.

helinues:
USD in the mud

Recession is coming

ShinnBet:


China can afford to walk away from it. Remember , they are the ones who actually make shit the world needs .

As for Saudis, their cash reserves in the US has since been liquidated and converted to bullion bars that are securely stored in a Siberian vault.

No one even trusts the US in holding their gold.

Germany demanded some years back to recoup back some of their gold stored in Fort Knox but all their attempts were waived aside. When they even demanded to see their gold in the vaults , they were still denied.

It's believed that there is no gold left in Fort Knox and that all or most of it has found its way to Israel were it was supposed to be stored in the future Third Temple.

There is a reason Lord Rothschild faked his death as now chilling in an underground mountain bunker in New Zealand.

Almiron:
it's not fake if you ain't using nairaland free mode, Google is your friend lil boi

nighthawk1:


It will expose the ineptitude of the CBN if they don't realign.

SLS spoke about this way back when he was governor of the CBN. He converted U$100M to the Chinese YUAN.

This was to enable Nigerians doing business with China to be able to convert directly from NAIRA TO YUAN..

Policy flip flop terminated the idea. Now you need dollars to trade Yen. Even with our trade balance favouring Nigeria/China than Nigeria+Usa

Chetas81:
god is already answered your prayer, you the black African FOOOOOOOOOOLISH CITIZEN

MrProlific95:
They can't try it,

In just about sooner than expected, Bin Salman would be toppled.

Although I know the op's propensity for fake news