The 50yr Saudi-US Petrodollar Agreement that saw Saudi sell their oil exclusively in USD comes to an end today, with the Saudis refusing to renegotiate an extension of the Petrodollar.

This holds severe consequences for the US dollar as a global reserve currency and the entire US economy.

With Russia blacklisted from selling their oil through Western based financial markets, the world's largest oil supplier (Saudi) refusing to negotiate an extension of the Petrodollar, the future of the USD is all but certain to be in dire straits.

The Saudis should expect the US to bring free bombs and demonstration of crase to their country soon.

This isn't 2003 , nothing of sort will happen. The best the US can do is sanctions which will still bite them back. Plus give time first before jumping into conclusion

victory36:
This isn't 2003 , nothing of sort will happen. The best the US can do is sanctions which will still bite them back. Plus give time first before jumping into conclusion

The satanic US is currently waging a proxy war against a nuclear armed Russia and is also pushing another war with China over Taiwan.

You underestimate the level of the sociopaths and pyschopaths running the US.

They will rather burn the planet than lose their power.

Wow, you're still peddling your conspiracy theories like they're hotcakes. Meanwhile, the Saudis and US are like, 'Next!' The US dollar's status as a reserve currency isn't going to implode just because two countries decided to move on.

It's got a solid foundation, unlike your theories which are built on sand. And Russia's market? Just a political squabble, not a sign of the world ending or whatever nonsense you have going on. So, spare us the blabbering. International relations aren't a movie thriller. Get a grip.

1. Source?

2. Nothing will happen. There are many nations with cheap oil which the US can exploit. You’re living in one.

Botragelad:
Wow, you're still peddling your conspiracy theories like they're hotcakes. Meanwhile, the Saudis and US are like, 'Next!' The US dollar's status as a reserve currency isn't going to implode just because two countries decided to move on.

It's got a solid foundation, unlike your theories which are built on sand. And Russia's market? Just a political squabble, not a sign of the world ending or whatever nonsense you have going on. So, spare us the blabbering. International relations aren't a movie thriller. Get a grip.

Saudi has joined BRICs and has been trading directly with China outside the USD since this year.

Zionist slave.

eepeepook:
1. Source?

2. Nothing will happen. There are many nations with cheap oil which the US can exploit. You’re living in one.

Doesn't work that way.

The US hegemony is based on other countries trading in USD.

Oil being a major essential commodity being traded in USD keeps the dollar in strong demand.

The US imports are inconsequential. It is other countries opting to pay in alternative currencies like the Russian Ruble or whatever Saudi demands in exchange that is of critical importance here.

Also, oil prices are artificially inflated to the benefit of the USD. The higher the price of oil , the more volume of USD that is required, thus propping the USD higher.

Also, both exporters and importers of oil need to keep a substantial volume of their wealth in USD in western banks. That wealth is then recycled into western financial systems that are invested in western ventures and also loaned back to you as debt. That's why Russia, Saudi Arabia and Nigeria hold their earnings in USD. The Saudi sovereign fund is also directly reinvested into US and western stock markets.

Must I explain everything to you guys?

Botragelad:
Wow, you're still peddling your conspiracy theories like they're hotcakes. Meanwhile, the Saudis and US are like, 'Next!' The US dollar's status as a reserve currency isn't going to implode just because two countries decided to move on.

It's got a solid foundation, unlike your theories which are built on sand. And Russia's market? Just a political squabble, not a sign of the world ending or whatever nonsense you have going on. So, spare us the blabbering. International relations aren't a movie thriller. Get a grip.

Saudi has joined BRICs and has been trading directly with China outside the USD since this year.

Zionist slave.

GBTYO:


Saudi has joined BRICs and has been trading directly with China outside the USD since this year.

Zionist slave.

How does this relate to what you said you there? Lol
Or how does that spell doon for the US like you initially affirmed?

Saudi Arabia, the mighty oil powerhouse, has joined the BRICs club and is trading with China in a currency other than the dollar. How ever will the US economy survive this earth-shattering development? Haha

Let me put on my shocked face: Oh no, a country is diversifying its trade and currency usage! How unprecedented! It's not like countries haven't traded in multiple currencies before. Please, do go on.

Here's a spoiler, the US dollar's value isn't dependent on Saudi Arabia's trade agreements. It's like thinking a small stone tossed into the ocean will cause a tsunami. The dollar's value is determined by a complex array of factors, not by Saudi Arabia's decision to trade in yuan or riyal.

Did you think the US economy is going to be reliant on a single country or trade agreement. So, go ahead and keep proclaiming the demise of the US dollar. We enjoy your show of ignorance!

GBTYO:


Saudi has joined BRICs and has been trading directly with China outside the USD since this year.

Zionist slave.

Always pained when non gives a shit about what you think nor agree with your opinion or the garbage you are selling...!!!

Very pathetic...!!
A very clear trademark of an islamist...!!!

Botragelad:

How does this relate to what you said you there? Lol
Or how does that spell doon for the US like you initially affirmed?

Saudi Arabia, the mighty oil powerhouse, has joined the BRICs club and is trading with China in a currency other than the dollar. How ever will the US economy survive this earth-shattering development? Haha

Let me put on my shocked face: Oh no, a country is diversifying its trade and currency usage! How unprecedented! It's not like countries haven't traded in multiple currencies before. Please, do go on.

Here's a spoiler, the US dollar's value isn't dependent on Saudi Arabia's trade agreements. It's like thinking a small stone tossed into the ocean will cause a tsunami. The dollar's value is determined by a complex array of factors, not by Saudi Arabia's decision to trade in yuan or riyal.

Did you think the US economy is going to be reliant on a single country or trade agreement. So, go ahead and keep proclaiming the demise of the US dollar. We enjoy your show of ignorance!

The Petrodollar arrangement ensures that all crude oil is traded in USD.

This naturally has importing nations scrambling to buy USD to pay for oil shipment.

The Bank of International Settlement , BIS located in Switzerland is where all international trade is settled through and to participate , all nations must hold reserves in western banks in same USD.

The artificial inflation of crude by same US through conflicts and disruptions in production and supply, ensure that more volume of USD is demanded.

Contrary to what most of you assume, high crude prices is beneficial to the US economy. It may bite the common man in the US through higher gas prices, but the higher the cost of crude, the more the USD is in demand and the more volume of wealth gets transferred to western Banks which in turn is reinvested in stock markets in the west , US treasury bills and bonds. Western banks will also use that wealth transfer to loan out to nations.


You know absolutely nothing on how the western Liquidity based Ponzi scheme operates.

Floky215:


Always pained when non gives a shit about what you think nor agree with your opinion or the garbage you are selling...!!!

Very pathetic...!!
A very clear trademark of an islamist...!!!

Lol, see this heathen swine of Zion. Who is the Islamist ?

Your attempt to label me a Muslim because I have been condemning your Jewish slave masters will not fly.

Are you even a Christian to begin with , you heathen voodoo worshiping swine

GBTYO:


Doesn't work that way.

The US hegemony is based on other countries trading in USD.

Oil being a major essential commodity being traded in USD keeps the dollar in strong demand.

The US imports are inconsequential. It is other countries opting to pay in alternative currencies like the Russian Ruble or whatever Saudi demands in exchange that is of critical importance here.

Also, oil prices are artificially inflated to the benefit of the USD. The higher the price of oil , the more volume of USD that is required, thus propping the USD higher.

Also, both exporters and importers of oil need to keep a substantial volume of their wealth in USD in western banks. That wealth is then recycled into western financial systems that are invested in western ventures and also loaned back to you as debt. That's why Russia, Saudi Arabia and Nigeria hold their earnings in USD. The Saudi sovereign fund is also directly reinvested into US and western stock markets.

Must I explain everything to you guys?

Funny how you skipped the question asking for the source of your title.

Essentially the only way to purchase oil is with the dollar. So if you wanted to buy it you had to convert your currency to USD to buy it.

This means that the USD essentially could not be devalued as it was necessary to purchase the most important resource on Earth... Crude oil. While the price fluctuates it cemented USD as the most important currency. The higher the value of crude, the more demand for USD.

The Petrodollar has been the greatest weapon crafted to enslave and indebt the entire planet.

eepeepook:
Funny how you skipped the question asking for the source of your title.

Google is your friend.

I don't post sources here because the IPOB mods have been using that as an excuse to use the antispam bot to ban me.

They have banned me for even posting a Nairaland link to a thread here.

The purpose of supporting Israel in the middle east was to create a hostile party in the middle of the oil rich nations to prevent them from creating a unified EU version of the ME which would have surely seen the ME begin its own renaissance era to being a major production and military power.

Instead of glitzy Dubai, the deserts of the ME would have been turned to an oasis . Instead of spilt shieks riding Bugattis and sniffing coke up the ass of eastern European prostitutes, the ME would have had a strong unifying visionary leadership that would not stand idly back when their brothers are being bombed and murdered by the Judeo-Masonic mafia.

GBTYO:


The Petrodollar arrangement ensures that all crude oil is traded in USD.

This naturally has importing nations scrambling to buy USD to pay for oil shipment.

The Bank of International Settlement , BIS located in Switzerland is where all international trade is settled through and to participate , all nations must hold reserves in western banks in same USD.

The artificial inflation of crude by same US through conflicts and disruptions in production and supply, ensure that more volume of USD is demanded.

Contrary to what most of you assume, high crude prices is beneficial to the US economy. It may bite the common man in the US through higher gas prices, but the higher the cost of crude, the more the USD is in demand and the more volume of wealth gets transferred to western Banks which in turn is reinvested in stock markets in the west , US treasury bills and bonds. Western banks will also use that wealth transfer to loan out to nations.


You know absolutely nothing on how the western Liquidity based Ponzi scheme operates.

Oh dear, your understanding of global finance is a comedy show! Let me break it down for you, since your conspiracy theories are clearly clouding your judgment.
The Petrodollar arrangement doesn't dictate that all crude oil is traded in USD. It's like thinking the only way to defend yourself is with your hand. Importing nations have options, and they don't just settle for USD because they love America. There's a reason why!

And, oh boy, the Bank of International Settlement (BIS) isn't the only game in town. Nations diversify their reserves and use various currencies, not just USD. And, no, the US isn't the grand maestro orchestrating conflicts to inflate crude prices. That's a villainous move, not a superpower strategy.

The oil market is a complex dance influenced by many reasons. Let's say supply and demand, OPEC's decisions, and geopolitical instability. So, pinning the blame solely on the US is like saying a single dancer dictates the entire ballet. Do they?

Now, about high crude prices being a boon for the US economy. Are you saying a higher price tag on Gucci bags means everyone's getting richer. Certain sectors may benefit, but the common man feels the pinch, and the economy can suffer.

"Western Liquidity based Ponzi scheme" blah blah blah. Just another baseless conspiracy theory. Wealth transfer to western banks is standard banking practice, not a sinister scheme. Understand now?

Botragelad:

Oh dear, your understanding of global finance is a comedy show! Let me break it down for you, since your conspiracy theories are clearly clouding your judgment.
The Petrodollar arrangement doesn't dictate that all crude oil is traded in USD. It's like thinking the only way to defend yourself is with your hand. Importing nations have options, and they don't just settle for USD because they love America. There's a reason why!

And, oh boy, the Bank of International Settlement (BIS) isn't the only game in town. Nations diversify their reserves and use various currencies, not just USD. And, no, the US isn't the grand maestro orchestrating conflicts to inflate crude prices. That's a villainous move, not a superpower strategy.

The oil market is a complex dance influenced by many reasons. Let's say supply and demand, OPEC's decisions, and geopolitical instability. So, pinning the blame solely on the US is like saying a single dancer dictates the entire ballet. Do they?

Now, about high crude prices being a boon for the US economy. Are you saying a higher price tag on Gucci bags means everyone's getting richer. Certain sectors may benefit, but the common man feels the pinch, and the economy can suffer.

"Western Liquidity based Ponzi scheme" blah blah blah. Just another baseless conspiracy theory. Wealth transfer to western banks is standard banking practice, not a sinister scheme. Understand now?

Saddam decided to trade Iraqi crude with his only western ally , France in Euros. He got hanged for this and his country totally destabilised.

Qaddafi wanted to foist his Gold back Dinar and was wooing African countries to participate in it. He got shanked in the ass by NATO goons and his country remains war thorn till this day.

Chavez wanted out of the USD. He got murked using cancer causing agent.


GEJ wanted to de-invest from the USD, he got regine-changed by the CIA and you are suffering the consequences of that.


By the way are you one of Larry Fink's internet shills here?

GBTYO:


Saddam decided to trade Iraqi crude with his only western ally , France in Euros. He got hanged for this and his country totally destabilised.

Qaddafi wanted to foist his Gold back Dinar and was wooing African countries to participate in it. He got shanked in the ass by NATO goons and his country remains war thorn till this day.

Chavez wanted out of the USD. He got murked using cancer causing agent.


GEJ wanted to de-invest from the USD, he got regine-changed by the CIA and you are suffering the consequences of that.


By the way are you one of Larry Fink's internet shills here?

The question remains, why are you avoiding a direct response to my points and instead diverting the conversation?

I expected you to say something related to my previous statements with credible facts, and then we can engage in a meaningful discussion. Until then, I'll continue to call out your unfounded claims and illogical conspiracy theories for what they are - nonsensical ravings.

Botragelad:

The question remains, why are you avoiding a direct response to my points and instead diverting the conversation?

I expected you to say something related to my previous statements with credible facts, and then we can engage in a meaningful discussion. Until then, I'll continue to call out your unfounded claims and illogical conspiracy theories for what they are - nonsensical ravings.

You made no points worth responding to.


If you want me to respond to your posts, ask a question

Botragelad:

Oh dear, your understanding of global finance is a comedy show! Let me break it down for you, since your conspiracy theories are clearly clouding your judgment.
The Petrodollar arrangement doesn't dictate that all crude oil is traded in USD. It's like thinking the only way to defend yourself is with your hand. Importing nations have options, and they don't just settle for USD because they love America. There's a reason why!

And, oh boy, the Bank of International Settlement (BIS) isn't the only game in town. Nations diversify their reserves and use various currencies, not just USD. And, no, the US isn't the grand maestro orchestrating conflicts to inflate crude prices. That's a villainous move, not a superpower strategy.

The oil market is a complex dance influenced by many reasons. Let's say supply and demand, OPEC's decisions, and geopolitical instability. So, pinning the blame solely on the US is like saying a single dancer dictates the entire ballet. Do they?

Now, about high crude prices being a boon for the US economy. Are you saying a higher price tag on Gucci bags means everyone's getting richer. Certain sectors may benefit, but the common man feels the pinch, and the economy can suffer.

"Western Liquidity based Ponzi scheme" blah blah blah. Just another baseless conspiracy theory. Wealth transfer to western banks is standard banking practice, not a sinister scheme. Understand now?

You have the energy to engage with him.

Someone fully immersed in hatred is not here to learn, but to destroy.

GBTYO:


You made no points worth responding to.


If you want me to respond to your posts, ask a question

Thread's dead, and so is your ego! You thought you were smart, but you're just a conspiracy theory-spewing, thread-creating machine with nothing left. I destroyed your 'theories', and now you're just a laughingstock.

You can either try to revive your dead arguments or keep spewing garbage, making a total mockery of yourself. Either way, you're a joke, fsboperator! A comedian with no audience, a failure at logic, and a master of nonsense.

NothingDoMe:
You have the energy to engage with him.

Someone fully immersed in hatred is not here to learn, but to destroy.

It's funny how all you Zionists are defending the money changers in New York and London that have enslaved you .

The reason you have a weak naira is because you are forced to devalue it to meet export demands in USD .

No country on earth will accept your naira.

They would however accept your crude because it is valued in USD.

That is why the Nigerian govt has been into crude swapping to pay for infrastructure and imports.

Now imagine this USD hegemony did not exist and as a nation you can demand freely on your own terms what you will take in return for your exports.

Do you know how fast the naira will rebound and with it our economy ?

You are just too used to your chains.

eepeepook:
1. Source?

2. Nothing will happen. There are many nations with cheap oil which the US can exploit. You’re living in one.

I agree that this "news" is very likely fake.

But if Saudi refuses USA, America will go begging. That's a fact.

They are one of the biggest purchasers of arms and exporters of oil to the US.

That US wouldn't feel it is a big lie.

MartinCorridon:


I agree that this "news" is very likely fake.

But if Saudi refuses USA, America will go begging. That's a fact.

They are one of the biggest purchasers of arms and exporters of oil to the US.

That US wouldn't feel it is a big lie.

It goes beyond direct trade agreements between Saudi and US.

It has greater implication on the USD as a global reserve currency and with Saudi pulling out of the Petrodollar, the USD is bound to collapse on its over $22 Trillion dollar debt weight.


You are witnessing the rapid decline of an empire .

This US is evil.. I no they will find something against Saudi Arabia. They will want to bully them

Botragelad:

Thread's dead, and so is your ego! You thought you were smart, but you're just a conspiracy theory-spewing, thread-creating machine with nothing left. I destroyed your 'theories', and now you're just a laughingstock.

You can either try to revive your dead arguments or keep spewing garbage, making a total mockery of yourself. Either way, you're a joke, fsboperator! A comedian with no audience, a failure at logic, and a master of nonsense.

Lolz
Threads dead and you still wrote a wall of text to explain your myopic position of USD hegemony.

By the way, how many times have my "conspiracy theories" turned out to be conspiracy facts ?

All the time.

I hope you took the Jew jab because they are now admitting it never was a vaccine and that it is now the major cause of excess deaths in the west.

Botragelad:

Thread's dead, and so is your ego! You thought you were smart, but you're just a conspiracy theory-spewing, thread-creating machine with nothing left. I destroyed your 'theories', and now you're just a laughingstock.

You can either try to revive your dead arguments or keep spewing garbage, making a total mockery of yourself. Either way, you're a joke, fsboperator! A comedian with no audience, a failure at logic, and a master of nonsense.

Are you still claiming Jewish?

Now that's a conspiracy nut case theory to behold.

Now the US will remember that Saudi Arabia is not democracy

OkpaNsukkaisBae:
Now the US will remember that Saudi Arabia is not democracy

They won't be able to let that excuse fly given that they are standing strong behind a tyrant in Ukraine whose mandate expired on May 21 and who has refused to conduct elections.

GBTYO:


It's funny how all you Zionists are defending the money changers in New York and London that have enslaved you .

The reason you have a weak naira is because you are forced to devalue it to meet export demands in USD .

No country on earth will accept your naira.

They would however accept your crude because it is valued in USD.

That is why the Nigerian govt has been into crude swapping to pay for infrastructure and imports.

Now imagine this USD hegemony did not exist and as a nation you can demand freely on your own terms what you will take in return for your exports.

Do you know how fast the naira will rebound and with it our economy ?

You are just too used to your chains.

Even the Chinese who have supposedly shunned the USD will not accept Naira.

There's a mental condition that makes one blame everyone but oneself.

I can't help you.

GBTYO:


Saudi has joined BRICs and has been trading directly with China outside the USD since this year.

Zionist slave.

Saudi did not join BRICs (at lease not yet) they only join the Brics money exchange system.