I think you got it wrong. We are actually in a more precarious position now. Given the current astronomical level of national debt and the rising tide of geopolitical tensions, my concerns are deeply rooted. If the United States were ever to default on its loan obligations, the fallout could be catastrophic, potentially igniting global conflict. History has shown us that when major economies fail to honor their debts, the consequences are severe. In the case of the U.S., such a default could wreak havoc on the global financial system. While the idea that the U.S. might provoke a large-scale conflict, such as a third world war, to evade its debts may seem far-fetched, it highlights the severe risks tied to fiscal mismanagement and international strife. If a nation can no longer fulfill its obligations to creditors, eliminating those creditors becomes a stark, albeit drastic, consideration. I worry we are already on the precipice of such a conflict. The situation is so volatile that a single U.S. default could be the spark that ignites World War III.
@walterbenjamin9681 With all said and done, you've still did not get the underlining for the story "de-Petrodollar" aka No Long one own country outside of USA need to hold US dollars $$$ on reserve aka Free fall of the US Dollar in 2024-2025 like the British Sterling. Still here, but no longer highly value in World.
They can, but countries had to have US Dollar reserve to purchase Int'L Oil Supply via Petrodollar, which is no more need since 9th June 2024. It is issue of TRUST of one country currency at issue.
Given the fact that US and Europe just confiscated Russia’s $50 billion foreign reserves and freeze Afghanistan’s foreign reserve, countries should diversify
Now US & Europe given GREEN LIGHT to Confiscate US & European asset Worldwide. US & European banks, Industry, Asset will be confiscate by Nation State as it please for TRUST was holding the reserves for each others, no longer apply. Proof failure, US sanction any & all who do business with Iran or Russia. News talk Chinese Banks, but it also apply to Europe, America, Middle East, Africa banks worldwide. The US weaponize the $$$ by "Sanction"
They should diversify. However, if the civilian population wants to get on the gravy train they still need to get USD to invest in US (e.g. Nvidia). Greed has no border. Smart money doesn't care about nationalism.
My prediction.. This group will fall. It just not easy to replace the US dollar. I know Chinese people wants this. A Dream that is really impossible to accomplish.
@@masoy10 How BRICS+ was founded by Goldman Sachs NY idea memo. Could you say the same of the British Sterling that replace by the US Dollar after WWII once, now BRICS+. The different this time is, you get to see it coming: BRICS+ 2024 Summit @ City of Kazan in October. FYI, it's not the Chinese favor, but more "Third World Nation State" who want to get off of the US Dollar $$ band waging circles
Already happening... first China $53 Billion US bond sell off, now US alley are dumping US bonds into the world market, short selling... One Japanese Bank alone $62 Billions, not to mention European banks...
@@victorespino5650 Two Third of the World is not pegged to the $$$. 1/3 of them are under US Sanction. Even right now Argentina is looking to get off of the $$. One support the $$$ by TRUST, which is lost. How one say so, from US seizing Russian $50 Bn US Dollar (June '24)
Spoken like a true peasant. You gotta think like you're rich. If you have a few hundred million dollars, how would you invest and where would you invest? Let's say you want to get on the AI gravy train, how would you invest?
This is good for all human beings - unless you're an American. For us, we're about to go through the worst economic crisis we've seen in living memory. Good luck out there! May the odds forever be in your favor... and maybe you should start to THINK before you vote on shallow cultural issues and really consider how your vote will impact your future ability to survive.
Not ONLY the Middle East, but more for the African States, So America, Global South & even the Islanders. Able to conduct Trade without the need to hold US Dollar in transaction via SWIFT.
The report is full of major mistakes. In 1945, Iran was an alien to USA and Saudi. The conflict between the two countries started in 1979 after the revolution.
Bye bye USD! The power of USD IS WANING OUT it's time to change! This is good for developing countries to enhance economic growth and prosperity! Uplifting the life of ordinary people! Eradication of poverty and there will be peace and stability of a country!
Be smart: Look into the exchange rates of your countries relative to US$. Fluctuations daily of said exchange rates are problematic in doing business transactions.
This seismic shift marks the end of an era and could reshape the global financial landscape. The petrodollar system, which has dominated the oil trade and reinforced the U.S. dollar's hegemony for decades, is now facing a critical juncture. With Saudi Arabia moving away from the petrodollar, what are the implications for global markets and currencies? Is this a step towards a more diversified financial future, potentially involving decentralized assets like Bitcoin?
It was never an agreement. Saudi was always able to sell in another currency the only deal was the US would protect Saudi Arabia if they invested their profits in the US. RESEARCH…..people, also Saudi’s currency is pegged to the dollar so it’s not in their best interests for the dollar to decline
America 🇺🇸 loves 🥰 Hyper Inflation 💸 and will continue to print money 💵 and lower interest rates until the US 🇺🇸 Dollar 💵 collapses ! The American 🇺🇸 Government loves 🥰 Hyper Inflation 💸 so much they want the prices of everything to rise until the US 🇺🇸 Dollar 💵 is worth nothing ! Print ! Print ! Print ! Ha ! Ha ! Ha ! Hilarious 🤣
No one wants Sanctions. Global Reserve Currency should not have been used as political tool. The house is riding for wards for no return. Chinese Yuan is much less costly in terms of exchange and added to this the need for relief from inflation, no one chooses dollar unless IMF adapts its rules favorable to developing countries.
How could goldman sachs be involved of the development of cbdc when it's an American institution?.. Suppose the USA decides that its businesses shouldn't have no dealings with anything involving Russia and tell them to pull out like what they did to USA companies in Russia, what happens then?
goldman sachs is not american but juice. Juice can playt USA and after war on Ukraina sitting on the Belt and Road EU-P.R.C doing buisneses as always... BIS - are probably also juice.
@@doopdapps1088 WHO posess this "Goldman -Schacs" ? -ooooo, people from "spezial NAZIon", this nazion now are destroing Gaza-Getto....., doing some "Endl'o'sung".
Now you are trying to defend usa dollars , saudi and all arab countries take money in only us dollars , but now they accept yen , euro , Chinese and more currencies , it will effect on us dollar
@keymot1491 85% of aramco is owned by the government of Saudi arabia USA is only sahare horder that's why Saudi cannot refuse to sell oil for USA. Ruble/yuan are communist money not good for economy euro money is good if china/Russia controlled the petroleum economy I think it's a disaster communist country are greedy.
The World needed the dollar because Saudi Arabia 🇸🇦 decided to sell the oil exclusively by USD. ☆USA is not the global manufacturing house and exporter of manufactured goods and USA is not major exporter of grain. ☆ using USD and the western banking and financial transfer platforms are not secure, we have seen how the west deals. For this main reason i think the dollar will stay in service.
The US dollar cannot be brought down, the world needs one powerful currency to stabilize the world economy, just as we need one powerful language, English, to do international business.
No more USD paper currency ,no more war.
Lmao if you believe the US empire will fall gracefully, youre mistaken. The fall of a global empire means dark days ahead. War will follow
The US are behind EVERY world conflict. @TM-zb2qm
I think you got it wrong. We are actually in a more precarious position now.
Given the current astronomical level of national debt and the rising tide of geopolitical tensions, my concerns are deeply rooted. If the United States were ever to default on its loan obligations, the fallout could be catastrophic, potentially igniting global conflict. History has shown us that when major economies fail to honor their debts, the consequences are severe. In the case of the U.S., such a default could wreak havoc on the global financial system.
While the idea that the U.S. might provoke a large-scale conflict, such as a third world war, to evade its debts may seem far-fetched, it highlights the severe risks tied to fiscal mismanagement and international strife. If a nation can no longer fulfill its obligations to creditors, eliminating those creditors becomes a stark, albeit drastic, consideration.
I worry we are already on the precipice of such a conflict. The situation is so volatile that a single U.S. default could be the spark that ignites World War III.
"No more war" what an obtuse statement.
@walterbenjamin9681 With all said and done, you've still did not get the underlining for the story "de-Petrodollar" aka No Long one own country outside of USA need to hold US dollars $$$ on reserve aka Free fall of the US Dollar in 2024-2025 like the British Sterling. Still here, but no longer highly value in World.
Why can not countries use their own currency instead of the dollar. About time we are getting this change
Because having a singular global trade currency tied to, what should be, a stable nation's wealth is...well...stable and simplified.
@@imacanoli897 That's what Gold and Silver use to do... Until 1970's the Petrodollar. Now no more.
They can, but countries had to have US Dollar reserve to purchase Int'L Oil Supply via Petrodollar, which is no more need since 9th June 2024. It is issue of TRUST of one country currency at issue.
Given the fact that US and Europe just confiscated Russia’s $50 billion foreign reserves and freeze Afghanistan’s foreign reserve, countries should diversify
then IDCB will introduce digital currently? US and Russian hackers will steal all of them from people.
Now US & Europe given GREEN LIGHT to Confiscate US & European asset Worldwide. US & European banks, Industry, Asset will be confiscate by Nation State as it please for TRUST was holding the reserves for each others, no longer apply. Proof failure, US sanction any & all who do business with Iran or Russia. News talk Chinese Banks, but it also apply to Europe, America, Middle East, Africa banks worldwide. The US weaponize the $$$ by "Sanction"
@walterbenjamin9681 the saudis are pre rich
They should diversify. However, if the civilian population wants to get on the gravy train they still need to get USD to invest in US (e.g. Nvidia). Greed has no border. Smart money doesn't care about nationalism.
@@limbeh3301 while i agree with that, you’re heavily underplaying the economic power house that is fossil fuel.
I hope it works without the US interference
US will retaliate. US will buck. US will cry foul. But, it will learn.
We need dedollarization ( from India).
You can see it this moment of the rise of the Indian rupee in world market.
The end of American hegemony
🎉BRICS new currency coming,congratulations.😊❤
Yes
My prediction.. This group will fall. It just not easy to replace the US dollar. I know Chinese people wants this. A Dream that is really impossible to accomplish.
@@masoy10 How BRICS+ was founded by Goldman Sachs NY idea memo. Could you say the same of the British Sterling that replace by the US Dollar after WWII once, now BRICS+. The different this time is, you get to see it coming: BRICS+ 2024 Summit @ City of Kazan in October. FYI, it's not the Chinese favor, but more "Third World Nation State" who want to get off of the US Dollar $$ band waging circles
Can’t wait to see US dollar is out as reserve currency
Already happening... first China $53 Billion US bond sell off, now US alley are dumping US bonds into the world market, short selling... One Japanese Bank alone $62 Billions, not to mention European banks...
It is true, Petrodollar ended.
we support new currency, kick out u.s. old dollar old age, we don't support u.s.old dollar
Their currency is still all pegged to the US dollar
@@victorespino5650 Two Third of the World is not pegged to the $$$. 1/3 of them are under US Sanction.
Even right now Argentina is looking to get off of the $$. One support the $$$ by TRUST, which is lost.
How one say so, from US seizing Russian $50 Bn US Dollar (June '24)
Spoken like a true peasant. You gotta think like you're rich. If you have a few hundred million dollars, how would you invest and where would you invest? Let's say you want to get on the AI gravy train, how would you invest?
This is democratization of currency, good for the world.
This is good for all human beings - unless you're an American. For us, we're about to go through the worst economic crisis we've seen in living memory. Good luck out there! May the odds forever be in your favor... and maybe you should start to THINK before you vote on shallow cultural issues and really consider how your vote will impact your future ability to survive.
Not only protection but also the developments of Saudia Arabia and the gulf state
Not ONLY the Middle East, but more for the African States, So America, Global South & even the Islanders.
Able to conduct Trade without the need to hold US Dollar in transaction via SWIFT.
In the 1980’s Iran Saudi Arabia were both US allies so Saudi Arabia didn’t need protection from Iran.
Saudi Arabia prince should focus on country wise currencies instead of US dollar agreement.However, Biden's obstinacy is not worthy of loyalty to MBS.
The agreement was made in the seventies not fourties’ , the oil was no worth much
There was never a petrodollar agreement. The petrodollar arose informally.
Agree no more US dollar since now
This will reduce humanitarian threat from US.
This chanel is rich of advanced English further more i give my support thums up and ....so on many thanks indeed
ALL THE BEST TO SAUDI ARABIA-BRICS (COUNTERWEIGHT POLITICAL-ECONOMIC
DOMINANCE-NEW GLOBAL TRADE CHANGES)
The report is full of major mistakes. In 1945, Iran was an alien to USA and Saudi. The conflict between the two countries started in 1979 after the revolution.
A M E N.........
Bye bye USD! The power of USD IS WANING OUT it's time to change! This is good for developing countries to enhance economic growth and prosperity! Uplifting the life of ordinary people! Eradication of poverty and there will be peace and stability of a country!
Be smart: Look into the exchange rates of your countries relative to US$. Fluctuations daily of said exchange rates are problematic in doing business transactions.
J'espère que ces changements feront un équilibre mondial.
This seismic shift marks the end of an era and could reshape the global financial landscape. The petrodollar system, which has dominated the oil trade and reinforced the U.S. dollar's hegemony for decades, is now facing a critical juncture.
With Saudi Arabia moving away from the petrodollar, what are the implications for global markets and currencies? Is this a step towards a more diversified financial future, potentially involving decentralized assets like Bitcoin?
A time will come for the US to rely on his oil production and manufactured his own products in American soil .No more buying foreign oils.
They never bought shyt.. all they do is steal
I agree what you commented is wright so i decided to subscribe your channel ❤
Source ?
It doesn't matter any more U S A don't buy K S A oil any more
Saudi Arabia not ending petrodollar it's ending Israel income which was due to petrodollar
Bye bye dollar
WAKE UP ARABS
we are bro, we just didnt have the strength to counter USA, now we have alternatives and allies
It was never an agreement. Saudi was always able to sell in another currency the only deal was the US would protect Saudi Arabia if they invested their profits in the US. RESEARCH…..people, also Saudi’s currency is pegged to the dollar so it’s not in their best interests for the dollar to decline
America 🇺🇸 loves 🥰 Hyper Inflation 💸 and will continue to print money 💵 and lower interest rates until the US 🇺🇸 Dollar 💵 collapses ! The American 🇺🇸 Government loves 🥰 Hyper Inflation 💸 so much they want the prices of everything to rise until the US 🇺🇸 Dollar 💵 is worth nothing ! Print ! Print ! Print ! Ha ! Ha ! Ha ! Hilarious 🤣
No one wants Sanctions. Global Reserve Currency should not have been used as political tool. The house is riding for wards for no return. Chinese Yuan is much less costly in terms of exchange and added to this the need for relief from inflation, no one chooses dollar unless IMF adapts its rules favorable to developing countries.
Overall, it will end the SWIFT fee(s).
How could goldman sachs be involved of the development of cbdc when it's an American institution?.. Suppose the USA decides that its businesses shouldn't have no dealings with anything involving Russia and tell them to pull out like what they did to USA companies in Russia, what happens then?
Russia is doing to USA companies what America has done to Russian companies
goldman sachs is not american but juice. Juice can playt USA and after war on Ukraina sitting on the Belt and Road EU-P.R.C doing buisneses as always... BIS - are probably also juice.
@@tomaszser470 Goldman sachs is not American you say? You mean like coca cola & McDonald's is not American also? 😂😂😂😂😂😂😂😂😂😂
@@doopdapps1088 WHO posess this "Goldman -Schacs" ? -ooooo, people from "spezial NAZIon", this nazion now are destroing Gaza-Getto....., doing some "Endl'o'sung".
Dijal currency is end all resdy
The death knell...
** WELCOME BRICS !!! **
👌👌
yo Vision you still alive? narrating YT videos? i thought thanos deleted you... yo V. hello? V?
No more overcapacity printing 😂😂
DREAM ON! 😅😅US DÓLAR NOT GOING NOWHERE
Now you are trying to defend usa dollars , saudi and all arab countries take money in only us dollars , but now they accept yen , euro , Chinese and more currencies , it will effect on us dollar
USA is a share holder ARAMCO
No it's not, ARAMCO is 97.5% owned by the Saudi State
@keymot1491 85% of aramco is owned by the government of Saudi arabia USA is only sahare horder that's why Saudi cannot refuse to sell oil for USA. Ruble/yuan are communist money not good for economy euro money is good if china/Russia controlled the petroleum economy I think it's a disaster communist country are greedy.
It will slowly be switched to yuan
DEDOLLARISATION
Good bye baby good bye bye bye baby😅😅😅
The World needed the dollar because Saudi Arabia 🇸🇦 decided to sell the oil exclusively by USD.
☆USA is not the global manufacturing house and exporter of manufactured goods and USA is not major exporter of grain.
☆ using USD and the western banking and financial transfer platforms are not secure, we have seen how the west deals.
For this main reason i think the dollar will stay in service.
That is the Saudi prince that killed cushogy ?
Taking tooooooo long dump now
Probably this end of MbS 😂
Yes, my dear
😂😂😂😂😂🎉. Stupid down play.
Sorry there is nothing new in your content.
see... my powerful comment already chance Xi Jinping direction once again to stick with Russia...
.......
The US dollar cannot be brought down, the world needs one powerful currency to stabilize the world economy, just as we need one powerful language, English, to do international business.
Delusional
Saudi doesn’t have the balls to offend America.
As per its circumstances and American dirty nature, Saudi will manage to sort it out.
Based on what?
They do, but that’s only because US is notorious for bombing countries relentlessly to get their way
we did bro, we have the back of China and Russia in worst cases so yeah, we ditch dollar and joined brics and no more iran threat :)
U dont see USA president Joe Biden come to Saudi Arabia .... MBS dont b wait him .... He just come out of his house to receive him
You just want clicks... With this "BUT..." 😂
International trade only should in gold currency
Fake news
You're humiliating my hard work for NOT watching the video
Its hq is in switzerland (us controlled)