Who Doomed the Petrodollar: America or Saudi Arabia?
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- Опубликовано: 9 июл 2024
- There has been a lot of confusion lately about Saudi Arabia allegedly ending a 50-year-deal with the United States. The "deal" tied oil sales to the US dollar. But many have claimed that the deal never actually existed. So, what's really going on here and should Americans be worried? Financial expert Carol Roth joins Glenn to break it all down, including why she believes the United States and our Federal Reserve are really to blame for the petrodollar's destruction. Plus, Carol explains why the Biden administration can insist the economy has never been better, although our wallets can tell the opposite is true.
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We no longer incorporate God first into our lives. Therefore, we are being punished.
I don't see this so much as a "punishment" as the natural progression of continued sin and ignoring God's word which leads to the consequences that God does not want His children to face, but occur because of the continued rebellion. There will be a day of final punishment in the future on the day of the Lord, and the Bible tells us that will be worse than anyone can fathom.....but He is delaying that day in His Sovereignty wishing that all might come to repentance and forgiveness in Jesus Christ.
When you treat your allies like crap they find new allies
God would certainly agree with that sentiment.
Now that 99% of people are so corrupt they would rather support the perversion whereby marriage and gender were "redefined" than stand up and Fight for Principle, everyday Americans can call this "one nation under God" all they want but God is under no obligation to actually preserve a nation this perverse, is the simple fact of the matter!
God has already gone to find Himself a new People, and Americans will soon be feeling it.
best comment ever
I work in the food industry. Ive gone from working consistently 6 days a week, when Trump was President. These last almost 4 years ive worked 5 days. People dont eat as much when they dont have money to buy food. Wake up America!
Work retail here and can attest that sales are down 15-20% at my location. My June kayak sales was down over 50% due to loss of vacation traffic. Yet I hear how great the economy is doing from our great president constantly.
Enjoy the next 4 bucko. Big Joey is gonna stay in the white house.
Enjoy! You will come to LOVE your president.
Orange man is going away for a LOOOOONG time.
The food industry especially the processing industry have hicked up prices since Covid. The fossil fuel industry has done the same..
I'm just in the packaging of finished foods. Putting them in the cartons that you see on the store shelves. Not in the manufacturing or anything like that. I'm the last one who sees in in the shipper before it gets to the store shelves. We have factories here that produce it. Then ship it to us. To finish it and ship it to the stores
@@kenworth1824 I understand that and your job is an important part of the process. I'm just pointing out the bigger picture. Multinational corporations took advantage of Covid and have hacked up their prices. The regulations on scalping consumers are so weak they are worthless. Medicine is a perfect example of inflated pricing.
The COLLAPSE IS IMMINENT
Incoming joke:
Liberals, “But, there hasn’t been mean tweets.”
Get out......nowwwww!
Ok…. Go read what Saudi Arabia did today and you will think otherwise. They ain’t playing no more. They threaten Biden to release 80 million or whatever the USA/EU seized from Russia earlier this year. They said in plain language either release Russia money or we will dump the 8 trillion in reserve bonds they have stocked up since the 1970. If they did this which they will guaranteed they hate America it will collapse both economies immediately. Game over it will make the 1930’s look like a walk in a park.
This is the end times and you can see it finally happening just like what’s described in the BIBLE…….
Whats the problem if it collapses????
Why not have some universal currency not common to any particular country backed by World Bank???
The States don't need to go down with the ship
Tell the government to stop spending money that I don't have!!!
Little secret ...ready...money doesn't exist
@@seanhecht1840technically it doesn't but if we keep spending and printing the the imaginary currency that our monetary value is tied to then we will get rammed harder than the pineapple that went up adolf's backside in the south park movie
Suer call them up and say stop, I am sure they will listen 😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂
Its a bit late Trump borrowed trillions while in government
Everyone keeps trying, but the government won't listen!
The fact that 99% of people are so corrupt they would rather support the perversion whereby marriage and gender were "redefined" than stand up and Fight for Principle speaks louder than anything they could say in words to the federal government, and the message that's being sent is loud and clear: "the American people are lambs ready to be slaughtered!"
Do you seriously think that everyone willingly exchanged their Basic Human Dignities so they could wear masks for two and three years because "pandemic" as a wild and random coincidence?
How else could the Biden Cartel steal the Election in 2020 and never get impeached after three years of tyranny and brutal oppression??
The Federal Reserve needs to be abolished. Permanently.
All roads lead to Israel, as does the US Dollar.
Well the gap between acknowledging that fact and actually making it happen will ultimately kill this nation.
Actually, it will bring Western Civilization down, not just America.
It being the case that 99% of people are so corrupt they would rather support the perversion whereby marriage and gender were "redefined" than stand up and Fight for Principle, there's just no one who will interrupt their lifestyle or comfy little routines in order to fix the problem, not even to talk about willingness to sacrifice social connections to get it done!
It's actually so bad now that THE ONE AND ONLY Red Pill that could do America any good at this point is too "controversial" for anyone to consider: it is highly, painfully, fatally ironic that no one is willing to purge 1) modern love, 2) queerdom and 3) queer marriage!
Absolutely. The bankers and 'elite' have done a terrible thing in creating the fed
@@2B34everTrue. Just finished reading the protocols of the elders of zion, and it sure seems authentic. A near exact playbook of what's happened/happening as well as how the current world system is set up. The deeper I go the more I believe the occult is largely behind the mess of the world
@@2B34ever Don't be a simpleton... The universe is not a simple place. And Israel is not that important.
The petro dollar ended about a month ago. Why is the media just now talking about this??
The media rode the short bus.
because they need to wait and blame it on trump!
Because if everyday Americans wait this long and STILL don't do anything about the crisis, at this point they never will, so they're safe to let the cat out of the bag now.
Now that 99% of people are so corrupt they would rather support the perversion whereby marriage and gender were "redefined" than stand up and Fight for Principle, everyone is lazy and self absorbed, and since the apathy compounds with time and procrastination, everyday Americans are no threat to tyrants anymore.
@@john72ss
Bingo! You win!
The petrodollar never existed.
Oh yea and how he stopped pipelines day one was the biggest of all
Very true ,absolutely
We are so so screwed 😮
I know this gets old, but this is all by design.
$4.00 Corn and $11.00 Beans dont pay the bills for the farmers!!!! The AG sector is suffering as well, except for beef!! There is a reason John Deere is laying off workers!!!! The farmers cannot afford new machinery!! The AG sector is a good barometer as how well the economy is doing!!Hang on tight its going to get bumpy!!!
Did you say illegal aliens...illegal voters WHAT?
Did you say 56 million dead babies??? I thought you did
@@patrickgragg5602 65 million and counting.
When look for yourself, and follow the markets you can see their Lying. Cooking the books is an understatement. Thank you Glenn 👍
The private owners of the Federal reserve did this.
Rothschilds?
I work as a security officer. I get paid $13 and some chump change. I’m drowning.
Time to become a police officer the ones that are making the big dollars
The wheels are coming off cause we lost our nuts!
no, our nut is still in the white house!
Unfortunately we have actually too many nuts on this ride!
Things are bad economically for me, a retired senior. I’m at a point where it is getting very hard to purchase food. Cut back tremendously purchasing food for the week, no longer purchasing for the month because it the costs. I’m not sure what I will do, as the days pass by, when I can no longer able to secure food for myself and others!
I'm working and it ain't much better. The amount of food we keep in the house has dropped by at least half. We don't "snack" at all anymore. We eat at meal time and that's it. Most of the extra money we have had in previous years is now spent to cover utilities.
I've been buying extra then stopped used it up with a power outage after hurricane . 10 days wo electric bottled water then boil water . . Angels all around . God is with us .
I know you don't want to, but there are food banks to help you out if needed.
Same here!!! 😢
@@debbietrent3857 Me as well.
Also the fact we are 35 trillion in dept and that's just on the surface because the real dept is far higher
Dept is just an illusion !!! govt print how much ever they want and as long as the flow of resources across the world is under control then there is nothing much to worry about !!
As long as the flow of resources is under control then there's nothing much to worry about !!!!
No raises for 5 years for anyone at the company. This is not news to me. I am too close to retirement to leave.
When government job growth is 60 percent of the number of private job growth something is wrong.
God bless Glenn
My work is about 50% of what it was 4 years ago, and I've had other people tell me pretty much the same thing. I have done all I can to prepare for the inevitable decline, but will it be enough, probably not.
Ditto 100% agree. Planting seasons over...getting to know farmers for fresh eggs and connections at local Fairs . I'm 71.....my grand parents and parents taught me well. We Boomers remember growing up after ww2 I witnessed bomb shelters lots of fully stocked pantries .Farmers food meat poultry is being destroyed remember all the meat packers farmers Monsanto seeds GMO'S. Look up BRICKS ....China Russia African nations Saudi's ....no longer using the US dollars for Petro. Biden stopped our domestic supply and gave away our Reserved Oil reversed what DJT gave us. The F-ing FED come on folks.
Same boat, and no, it is never enough.
FJB
Central Banks are replacing the Dollar with GOLD
I'm replacing my dollars with SILVER
Petrodollar problem has been known for a long while. Did you really think that the rapid proliferation of EVs was primarily environmental in nature? Primarily technological? The automakers can't sell vehicles without "fuel".
13 years ago I made $15 per hour. I was living as good as I am now on $26 per hour. Inflation is kicking our butts!
You vill eats zee bugs,and luv it…You vill own nuthing and be happie,as kitty Chitt…🍷😘
Glen, I think you missed one more group of job increases month over month over year is the Fed Govt
Where I'm at it went from what new store is going to open to I wonder if that's the next store to get boarded up.
"Artificial Intelligence" is not intelligent. Change my mind.
Joe Biden did
Drill baby drill. Problema fina
.....the compromised politicians did, Glen ! Cmon, man ! Really ?
USA 100 % GLENN
Don't forget rising taxes at the county and municipal levels, rising home insurance costs and rising food prices which, all together are crushing the working poor.
Flood insurance rates have SKYROCKETED, with no significant claims, along with all the other price increases.
Taxes are made just to keep you poor !!!
Our endless wars and constant debt spending. WE are to blame. Did we stop the “war on terror” which only was a boondoggle to shift money to the military industrial complex? Did we support the Tea Party congressmen who tried to reign in government spending?
How about the War on Drugs? That was a little before my time but even I see it was an utter failure.
It isn't war that is the problem. The US military and all of its costs and operations are a third of the cost of the actual biggest expenditure in the US federal budget, the voter bribery programs called Social Welfare: Social Security, Medicare, and Medicaid. Each individually (even back in the mid 00s) were slightly larger than the US military. The amount spent on them now is quite a bit larger than the US military.
@@GreyWolfLeaderTW I would much rather support our own citizen than build an unquenchable military machine.
God said
In the END TIMES
there will become a time
That was IS -ISN’T
AND WHAT ISN’T -IS!
Don’t be fooled
Check into it . 11:37
READ REVELATION
Yes. I cant find a job in this small Texas nazi town. On top of sending me to prison for the first time, using me as slave labor at a church after making parole, releiving me of all of my posessions (including $13,000 van purchased with small inheritance just 5 months before my arrest travelling thru the state) , now they insist i get a Texas ID or DL even though im due to get off parole in less than 6 months and plan to leave immediately after ! I need a real constitutional lawyer because this is overkill, cruel and unusual punishment, and BS ! 😡
Saudi Arabia the enemy we have always had but never acknowledged
True, but America did this to itself. Actually the deep state and democrats did this to Americans. Can you blame other nations for not wanting to be sanctioned by perverse democrats? I can't
Saudi is always the ally as they keep getting weapons and are dependent on protection if not would be vulnerable to attacks from anywhere in middle east !!!
It is my understanding that the world is already transitioning off of the petrodollar. If not fully, at least to some degree. The Saudis are very, very important to the petrodollar. The fact is that Saudia Arabia has joined BRIS+, not the G7. What do you make out of this ?
We've been tiptoeing through this for years now. This is no surprise. It's been 'all talk and no c**ked!!' Social media 'shock shows' just kept us in fear. There's no going back!
Trump/BlackStone or Biden/BlackRock😮. Can we get another choice? The FED is who controls the economy
I just watched a video regarding this!!! Something I did not know!
I'm thinking skateboards
Gooooood
Great job
You can fix this whole situation by abolishing the federal reserve in the private banking system.Go back to gold standard ran by u s treasury, put the government on a budget
I got a job.. of course its a testament to government power cause its a local gov job..
The missing link:
Part of the deal with Saudi was that the US would supply military protection for Saudi oil. Under JB, we no showed over 100 times when Saudi called.
Also on October 7, 2023 a "peace treaty"between Saudi and Israel was to be signed, brokered by JB because Saudi wanted a nuke. Iran is Saudi's natural enemy and Saudi wanted their own protection since the US had been unavailable recently. In exchange the US would receive cheap oil. Iran broke up the deal on Oct 7th and currently the Russian Wagner Group is protecting Saudi oil
Wagner group 👍
Glenn beck we love you,we the people of low&orders,we love trump to become 47president of usa, trump2024WH ❤❤❤❤❤
Thanks!
Best explanation i have heard.
Can anyone explain how "AI" is going to boost employment? I don't get it. If anything, it means a DECREASE in jobs!
Close the border
Good 😊 morning! Glen Beck, did you realize Sir your live Broadcast has been Blocked Out??? 😮
9/11 never forget!
What year was that? 🤔
@@theuglytruth8162 2001..
That is an excellent question. And the answer is: BOTH.
Hope your gardens are fruitful
The deal was standard oil selling back their oil rights.
If we drill for what we have it would make us net sellers
Glen, you may want to listen to Doug Hagmann's podcast (Hagmannpi) Episode 4692.
He had on a guest named Bob Kudla who spoke about the US dollar.
The conversation starts about 20.08.
AI booming is secondary. Yeah it increases productivity, but that's on the supply side. Right now there is a shortage of liquidity and that means a shortage of demand. And that is irrespective of AI.
America!!
They cook the books on every subject
Glen, if anybody was really concerned about this and other evil acts taking place around us, they would come to the quick conclusion that, this and everything else has been planned and deliberate. God has allowed this evil to come so that His will, come to His conclusion.
Telethon...John Ridder..
Soylent Green.Hesston.
Musselini Media included..
American arrogance undid the US Petro dollar. US military has same problem. The officers are too arrogant to enlist for. Arrogance
Maybe the fed and treasury might consider not printing or inventing money out of thin air then loaning it to banks at a false profit .
0:48 no petro dollar?no gold standard? Not drilling our own oil? What could go wrong? Bahahahaha rhetorical
Freedom seeds, non-gmo heirloom seeds, water, gold/goldbacks, silver and the American people will survive at least some.
❤....The book ... The Forth Turning ...predicted this chaos crisis....scary these author's saw this way back when this book was published....❤
Another rate cut and then the cats outta the bag going into the next administration... Just in time to ramp up the blame game.
The question remains are people going to be voting to fix the economy or to or sacrifice the economy in order to keep their sacred cows?
Interesting that big tech companies have been building data farms ai/surveillance/cloud to energy plants including nuclear extremely close or directly ( not on grid) all with huge governmental contracts
Lunks? Wow
Build Back better
Owe the bank a buck it owns you owe the bank 35 trillion bucks you own the bank. AND when it is proven 2020 was stolen, any money spent by that cadre is illicit and should not be paid back even one penny.
I'm out of work after 22 years at my job.
Why do we care, exactly?
AMerica...
And who use to have the Gold
check this out OCTOBER 2nd BIRD FLU SUMMIT
Wow Glenn 🤣I could stand in front of of that thunderstorm air purifier and let it take the stink off of me 🤣🤣🤣💕✨👀✍️
VP nominee? Seb Gorka says it's (1) a "he," (2) one who has served in Congress, and (3) a "dark horse" surprise, someone nobody's talking about.
I think it might be Col. Allen West. Superb choice!
Isnt XRP the only crypto with legal clarity and already being used as a bridge for currencies internationally? Is the timing for its case ruling and currency crisis a coincidence?
stop giving the jobs to people here illegally along with housing start taking care of Americans first! there's plenty of homeless U S citizens who need help in this Country!
Especially veterans. How can any administration open our borders and allow illegals to flood in and not only support them by paying for their existence but putting them up in 5 star hotels while our nation’s truest heroes, our veterans live on the street? How vile can one be? This has got to stop now! For this alone Biden should have a cell at Gitmo with his name on it.
Oil trade is important but it's tiny compared to the commercial bank trade. That's the real USD economy. Even the FED is little.
Economy is strong but rich elites have 99% of the wealth which is failing to trickle down causing everpresent income inequality
@@sameersheriff7078 true but completely unrelated to my comment
@@masteryancodesan Oil trade or whatever the trade that you're mentioning we common people don't benefit from it as most of those are controlled by rich elites who want the rich to remain rich and the poor to remain poor !!!
@@sameersheriff7078 commercial banking trade. trillions USD traded every day. yes you are a part of it. unless you don't have any financial accounts.
@@sameersheriff7078 get yourself into trading money. you won't be poor forever.
Lower economic activity linked to lower interest rates equal a lower dollar and imported inflation - good luck America keep voting for Bidenomics. You know it makes sense.
Bidumb blew the deal in October of 22
Well there would be an easy fix for this situation of money 💰 💰 💰 💰
Is the have the government to actually print its own money 🤑 🤑
Instead of getting private people to create money out of thin air and then we the people has to pay them back to make the money 🤑 🤑
That our government should have been printing in the first place
In other words, more Doom and Gloom. But it doesn't have to be.
if we vote wisely this time!
If they count the votes fairly this time.
Big tech and government contracts, Type that in and look at the corporate “welfare “ investment that’s going to the “ investors “on all of us “citizens residence” … the house of cards they built for us all except but the few that gain in the market
Printing too much money
Petrodollar still strong. Eurodollar still strong.
Countless transactions around the world denominated in USD. Rather than carting cash around they swap treasuries. Simpler and pays interest.
Petrodoller wont be revlevent in few decades as world is moving away from fossil fuels and its not a smart move to keep depending on it long term rather have universal currency common to all countries would be a way to go .
@@sameersheriff7078 Saudi and other countries continue to issue billions in bonds / debt, but are denominated in USD.
Where is yellen?
7:51
Your implicit premise that Washington DC is the solution is the primary problem
Ahh!!! THAT"S why they hate Trump!!!!!!
Vote democrat 😅
Thus is really bad out here elderly are suffering. I see young adults on corners out in hot son homeless and hungry. Its terrible 😂
Gay