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

Its not fake news just a misleading thread topic.

WriteerNg:


Russia and China and other permanent members of the UN Security Council have veto rights too and have used it countless times, even up until last week Russia vetoed the UN resolution on Palestine.

US cannot sanction the ICC, just the prosecutors and judges.

You aren't thinking straight, too much Hollywood and CNN have clouded your senses.

Omooo this is another CRAZY person...... OMOOO FEEL SERIOUS PITY FOR YOU..... THE NO TALK ABOUT USA IS EVENTUALLY YOUR DEATH....... EVERY USA NEWS DY GIVE YOU HARD ONN..... HOPE YOU JERKING OFF EVERY TIME AND IT GIVES YOU PLEASURE.... EVERYTIME USA THIS, USA THAT, NATO THIS NATO THAT.... NAZIS, PUTIN..... GET A FKING LIFE

Martinsmine:
Change is constatnt... dis news no go make dollars come down in naira

Only if we do the same thing!

Can Nigeria follow suit?

helinues:
USD in the mud

Recession is coming

How? US is rather doing Saudi a favour with the 50 years agreement that had enriched the country and their royals. Are you aware usa had a huge deposit of crude, which can't be exhausted decades to come?Hope you're also aware they have crude in texas and the alaska field is still there unexplored.

WriterNig:
Change is

Constant

WriterNig:


🇸🇦 Saudi Arabia has decided not to renew its 50-year petrodollar deal with the 🇺🇸 United States, which expired on Sunday, June 9, as per media reports.

This agreement, originally signed on June 8, 1974, had been a key part of US global economic influence and power.

The deal set up joint commissions for economic cooperation and Saudi Arabia's military needs. Back then, American officials hoped it would encourage Saudi Arabia to produce more oil and strengthen economic ties with Arab countries.

By choosing not to extend this contract, Saudi Arabia can now sell oil and other goods using different currencies, such as the Chinese RMB, Euros, Yen, and Yuan, instead of only US dollars. There's also talk of exploring digital currencies like Bitcoin for transactions.

This decision marks a significant move away from the petrodollar system established in 1972 when the US stopped linking its currency directly to gold.

It's expected to accelerate the global trend of using currencies other than the US dollar in international trade.

Additionally, Saudi Arabia has joined Project mBridge, a collaborative effort exploring a digital currency platform shared among central banks and commercial banks.

This project aims to facilitate instant cross-border payments and foreign-exchange transactions using distributed ledger technology.

Project mBridge began in 2021 and involves several prominent central banks and institutions worldwide. It recently reached the stage of Minimum Viable Product (MVP), inviting private-sector firms to propose innovations and use cases to further develop the platform.

This move by Saudi Arabia marks the beginning of a major shift in global economic dynamics, though its full implications on international trade and finance remain to be seen.

Oh men, dollar is about to crash!

A new currency will emerge and the whole world will trade on that single currency both local an internationally.

Wahala for those wey don japa.. the world is shifting away from the US dollar that they (japites) worship, no more dollar craze in buying and selling

there was never such an agreement. but fake news merchants go still chop

Lol........ Thahs all I can say

jmoore:
China has trillions of dollars in foreign reserve.
Saudi Arabia has more than 400 billion dollars in foreign reserve.

Slaves of Putin in Nigeria struggling with a low reserve less than 36 billion dollars are using yeye propaganda to predict fall of dollar.

Dollars will continue to be a major player.

One thing u should know is this: No one rules for ever, a time will come when changes will set in. Don't ever think the world will be like this forever, the world is actually shifting, so many shifts taking place from AI to digital currency. Lol, the US dollars wont last too long anymore. The fall has started. Something was there before the US dollars but it fell.

50 years contract was just too long.USA wouldn't allow that if they were not milking or draining up the Saudis.Hope, they agree on equal basis as partners before any renewal.

We are all intellectual and we should know that US will not be affected, Dangote is even buying crude from USA do you know how much Saudi depend on USA for survival in technology,armour,even food. The Saudi will still need the dollar to buy from US

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

This one head no correct. Bin Salman will be toppled ko, Joe Biden will be raped ni

Putindbutt:

If at all, global recession will not be determined by what Saudi Arabia do or don't do with the dollar.

You hate Saudi Arabia so much, yet your beloved brothers and sisters are slaving on the streets of Saudi Arabia. Even your god America is begging Saudi Arabia for patronage.

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

Do you know how much a Royal family worth and do you know how many Ancient powers they possesses you must come from a mud not even village who has not step out to see world in recent times but read news papers of Americans

Lol @I know the OP propensity for fake news

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

BRICS knocking with full force. Let the ignoramus and the bigots continue basking in the euphoria of idiocy
Imagine 1974 deal?

jmoore:
China has trillions of dollars in foreign reserve.
Saudi Arabia has more than 400 billion dollars in foreign reserve.

Slaves of Putin in Nigeria struggling with a low reserve less than 36 billion dollars are using yeye propaganda to predict fall of dollar.

Dollars will continue to be a major player.

America will burn this planet before they will allow a total collapse of the USD...
.
There is so much at stake at this point for this kind of upheaval....
so we will be back to global gangsterism of the 60s and 70s

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.

My deqr d fight is long ovrr due in d end eith US biw 4 putin or putin bow 4 us...

If congress abbrove war sorry 4 russia.....

Saudi Arabia should prepare for destabilization. Once America deems this non renewal against their interests then the substafuge game will start...

flokii:
Wahala for those wey don japa.. the world is shifting away from the US dollar that they (japites) worship, no more dollar craze in buying and selling

this is not something someone intelligent will say though

OkpaNsukkaisBae:
Now Washington will remember that the Saudi leadership is not a democracy if they fail to renew the petrol dollar deal

It's not good to live in an illusion!
These white folks, already knows that one day it may take this form and that is why Americans always prepared themselves ahead of others, Manufactured things on their own,etc.
Did you know why the Saudi still keeps thousands of Americans Troops in their territory?

jmoore:
China has trillions of dollars in foreign reserve.
Saudi Arabia has more than 400 billion dollars in foreign reserve.

Slaves of Putin in Nigeria struggling with a low reserve less than 36 billion dollars are using yeye propaganda to predict fall of dollar.

Dollars will continue to be a major player.

If you think so they you’re doomed because there is no monopoly to the world anymore

If the don't see the hand of big ol' uncle sam in this, then you've not been paying attention.

WriterNig:


🇸🇦 Saudi Arabia has decided not to renew its 50-year petrodollar deal with the 🇺🇸 United States, which expired on Sunday, June 9, as per media reports.

This agreement, originally signed on June 8, 1974, had been a key part of US global economic influence and power.

The deal set up joint commissions for economic cooperation and Saudi Arabia's military needs. Back then, American officials hoped it would encourage Saudi Arabia to produce more oil and strengthen economic ties with Arab countries.

By choosing not to extend this contract, Saudi Arabia can now sell oil and other goods using different currencies, such as the Chinese RMB, Euros, Yen, and Yuan, instead of only US dollars. There's also talk of exploring digital currencies like Bitcoin for transactions.

This decision marks a significant move away from the petrodollar system established in 1972 when the US stopped linking its currency directly to gold.

It's expected to accelerate the global trend of using currencies other than the US dollar in international trade.

Additionally, Saudi Arabia has joined Project mBridge, a collaborative effort exploring a digital currency platform shared among central banks and commercial banks.

This project aims to facilitate instant cross-border payments and foreign-exchange transactions using distributed ledger technology.

Project mBridge began in 2021 and involves several prominent central banks and institutions worldwide. It recently reached the stage of Minimum Viable Product (MVP), inviting private-sector firms to propose innovations and use cases to further develop the platform.

This move by Saudi Arabia marks the beginning of a major shift in global economic dynamics, though its full implications on international trade and finance remain to be seen.

What is Nigeria waiting for

I knew after the news of confiscation of Russian assets came out on FP today, Putin's lapdog WriterNig WriterNg will look for one anti western news today.

It clearly shows he is a paid anti-western agent trying to change perception of Nigerians toward the west and influence public opinion towards it.

Russia has a huge number of them posting across news and social media platforms in African countries and Europe. A lot of them have been arrested in Eastern Europe.

Africans must be wise and smart because Russia has it's own imperialistic ambition on it's own.

ShinnBet:


That's because the stock markets in the west now operate solely on faith .

Give it some time, all that USD is going to find its way back to the US and with US basically a service economy wholly reliant on imports that are paid by printed USD, all that is soon to end.

The fact that mainstream western media are playing the ostrich about this black swan event shows that they are complicit in keeping the shell game going.

Give it a few more weeks when Saudis begin to sign deals with EU and Asian countries in their equivalent currencies .


We are in the 🐸 frog in boiling water 💦 stage.

radarada...if you are so sure of what you wrote, why not take a loan, sell ll your networth and short the dollar and make shit tons of money ..

China strenght is in their market share which is driven by their population, USA is in their market share which is a function of their vibrant population, India the same thing.. That nigeria cant use its population might to its advantage is a shame on us... 100yrs from now USA will still dominate the world economies, maybe just maybe if there happen to be a 3rd world war and USA lost and its allies then power might shift...
people that dont understand shit abut USA debt and how its made will be talking out of hatred and sheer ignorance..

put you money where your mouth is and SHORT the dollar with your networth..short the dollar and long the RUSSIAN RUBLE if e sure for you... infact let me make it mild for you.. if e sure for you small SHORT THE BRITISH POUND AND LONG THE RUSSIA RUBLE against your networth....you think ecomies are by the propagandas, rethorics, and conspiracy theory you all read online abi... even your so called bitcoin is pegged against what abeg all you crypto money are all converted to a stable coin called USDT.....remove usdt today and the crypto collapse immediately...lets make the stable coin yuan or russia ruble and see if even you will hold a crypto....

RodgersAkpafu:


this is not something someone intelligent will say though

Crude oil sales in US dollars is a major reason the USD is gaining so much strength.. With China, Russia and now Saudi breaking free from US dollar, a new currency will emerge and attention will shift away from dollar.

If you can't comprehend, I'm sorry I can't help you.

The end of the petrol dollar. America's hegemony over world affairs is gradually coming to an end.
The gradual demise of the empire called the United States of America is at the horizon. World powers are realigning to bring about the final world order that will bring us to the end of the ages. Things are moving very fast in this age of ours. Prepare yourself for what's coming. The New world Order!!!!!

Nigeria should do the same and Naira will regain its value. I have been saying this for months now.