Will the dominance of the US dollar decline after the expiry of the petrodollar deal?
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- Опубликовано: 27 авг 2024
- Following the end of the US and Saudi Arabia's petrodollar deal, will the US dollar’s dominance fall with the expiry of the agreement and the push by BRICS countries for the use of local currencies?
#SaudiArabia #PETRODOLLAR #OIL
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Bye,bye, US dollard. For the betterment of Mankind.
You meant 'dullard' right?
❤hopefully
Bye bye american arrogance and imperialism👋💪🏼💪🏼
How naive, you just want to change one tyrant for another tyrant.
@@alpharomeosierra7748 But it would be a tyrant they chose not one they've inherited.
Give them a break, factory farmed people is not everyone's cuppa .🙃
Former US top strategist Zbignew Brzezinski said: “It is IMPERATIVE that no Eurasian challenger emerges capable of dominating Eurasia and thus also challenging America”. Because the US has just 4% of world’s population, and it’s isolated from Eurasia which has 70% of world’s population, or 87% with Africa included. Defensively, it’s a benefit to the US, but economically, it’s a handicap.
How the US with an isolated 4% of world’s population stays a world hegemon? The dollar must stay as the world’s reserve currency. This allows the size of the US economy to be highly scaled up, instead of being limited by the fundamentals.
To be the world’s reserve currency, the dollar must circulate in the world. The US created a huge consumption economy and moved manufacturing outside, so that dollars flow out of the US to manufacturers like China or Japan. To make products, China & Japan need energy. So dollar is then circulated to Saudi mandated by the Petrol-dollar scheme. With the US stock and financial market much more lucrative than others, the dollars from Saudi are attracted back to the US. Money printed in the US to exchange for goods from outside ends up in Wall Street, where the rich gets richer. And that completes the cycle of circulation of the dollar.
If China or Japan brings back all the dollars and exchange to their local currencies, it inflates the local currencies, making their exports expensive. So, China & Japan use some of the dollars to buy US debts (Treasury Securities). That’s why the US, a rich country, is in-debt to China which has just 20% of the US’ GDP/cap. By holding US debts, China & Japan have to support the dollar.
Since the US’ debt is in its own currency, it can simply print more dollar to pay interests. Other countries have to earn dollars to pay their debts, failing which results in defaults.
In 2011 Obama announced “Pivot to Asia” to stop China’s rise. In 2013 China responded with the Belt and Road Initiatives (BRI) and diverted US debts into BRI projects. The BRI creates new economies, hence new trade markets for China.
If Asia & Africa develop, the share of the US’ economy shrinks, another currency could replace dollar as the world’s reserve currency. Then the US would no longer be able to print money freely without a hyperinflation like in Venezuela. And the size of the US economy has to fall back to the fundamentals, which is a lot smaller than the inflated economy. That’s why no country in Eurasia is allowed to catch up with the US’ economy. When Japan was catching up fast on the US in late 80s, it’s knocked down to a 3-decade stagnancy by rising Yen (Plaza Accord). And in the last 30 years, the US created wars and color revolutions in the Middle East, Central Asia & Africa to destabilise the region, and the World Bank & IMF keep them poor.
As the US prints excessively, other countries’ dollar reserves are devalued. Furthermore, to prevent exports to the US becoming expensive, these countries have to print money too, which devalues the savings of the people and causes inflation. It’s estimated that our savings devalue by 6% per year after the abolishment of the gold-backed Bretton Woods system, after which the US prints money based on just the creditability of the dollar.
Free money allows the US to have a big military, and the big military in return, protects the dollar.
The US had no mercy on threats to the dollar:
In 2000 Saddam Hussein said he would sell oil in Euros not Dollars.
Saddam was hanged by the US.
In 2009 Gaddafi wanted to make Libya export oil in pan-Africa Gold Dinars, not in dollar or Euro.
Gaddafi was killed by US & Sarkozy-backed NTC.
Iran has been trading oil in currencies other than US dollars since 2011.
Iran was sanctioned by the US.
After being sanctioned in 2014, Putin started to trade in non-dollar. By 2019, Putin: (1) completely ditched dollars in oil trades, (2) sold almost all US debts, (3) is now the forerunner in de-dollarization.
The US tried to topple Putin by supporting Alexei Navalny, sanctioned Russia, and now the Ukraine war to weaken Russia.
China: (1) created the BRI, (2) uses non-dollar in oil trades with Iran & Russia, (3) created the CIPS, an alternative to the SWIFT system now weaponised by the US to sanction 39 states, (4) China’s economy and high-tech are catching up fast, (5) China is the biggest economy in BRICS.
The US started a hybrid war against China: Trade war in 2018. Hong Kong color revolution in 2019. Tech blockage (Huawei ban, EUV banned from ASML). Got Australia into a trade war with China in 2020. Created “Uyghur Genocide” & “Forced Labor” propagandas against Xinjiang (XJ), which is the hub of the BRI, to cut off the BRI. Sanctioned goods from XJ to create joblessness and uprising against the gov. After XJ was stabilized by China, the US orchestrated a coup in Kazakhstan in Jan ‘22, located right next to XJ, to cut off the BRI. In Aug ‘22, Pelosi visited Taiwan to provoke a civil war. In 2023, the US stirred tensions in the South China Sea through its proxy Marcos, whose father had a lot of assets in the US.
If a country supports the dollar, it is looted by the US; if a country doesn’t support the dollar, the gov is changed by the US. This is financial colonialism.
The US can’t have direct wars with Russia and China as they are nuclear armed. Proxy wars put the battlefields outside of the US, and also allow the US to disguise as an outsider. In the 1980s, the US supported the Afghan Mujaheddin in a similar proxy war against the USSR.
Russia and China have clear redlines (*Russia: Ukraine a neutral buffer + Ethnic Russian’s safety in Donbas. *China: “One China principle”). The US used its proxies in Kiev and Taipei to step over the redlines to provoke wars, and got its allies to support the wars.
After the Maidan coup by the US in 2014, Ukrainian army began shelling ethnic Russians in Donbas. It subsided after Minsk agreements in 2014/15, but as disclosed by Poroshenko in June ‘22, and by Merkel & Hollande in Dec ‘22, the Minsk were intended to buy time to arm Ukraine against Russia, not to seek peace. The US occupied Afghanistan for 20 years, but it finally left in Aug ‘21, evidently to prepare for the Ukraine project 6 months later. In Sep ‘21 Zelensky visited Biden to get support to join NATO, and shelling in Donbas by Ukrainian forces up 2800% since 16 Feb ‘22 (OSCE data), crossing Putin’s redlines and provoked the war. Pelosi visited Taiwan in Aug ‘22, after which China surrounded Taiwan with battleships.
Historically, the US’ strategy against China-Russia has always been “one at a time” to avoid pushing them together. The move to put Russia forward amidst the on-going hybrid war against China, was due to a major development:
The Fed has issued 80% of all US dollars in market in just 24 months during the pandemic. There was $4 trillion in circulation at the beginning of 2020. The number reached $20 trillion by Oct 2021. As a dollar printed is backed by a dollar debt, a large amount of US debt need to be sold. Coupled with a global move to diversify into non-dollar reserves fuelled by US sanctions & the dollar’s declining creditability, the US is in a financial crisis.
The US proxy war in Ukraine:
1.Strengthened the dollar by weakening Euro. It happened before in NATO's bombing of Serbia in 1999 (2 months after Euro became the currency of EU). A strong dollar and the Fed’s timely interest rise, created a giant magnet attracting capitals from all over the world into the US.
2.Divided Russia from Europe. As the first NATO chief, Hastings Ismay described NATO’s role: “To keep America IN, to keep Russia OUT, to keep Germany DOWN”. NATO also allows the US to station missiles in Europe, keeping the US safe across the Atlantic.
3.Halted Nord Stream, and German firm Energie Baden-Wuerttemberg signed up gas from America Venture Global LNG for 20 years. >the US wrestled from Russia the control of energy to Europe. As George Friedman of US think tank Chicago Council OGA said in 2015:”The US’ primary fear is the marriage of German technologies and Russian resources”. And Condoleezza Rice said in 2014:”You (Europe) want to depend more on the North American energy platform, the enormous bounty of oil and gas we’re finding in America, not on pipelines through Ukraine or Russia.”
4.Pushes industries back to the US soil by de-industrializing Europe, as indicated by: (i) The US’ sabotage of N.S. pipelines and US gas sold 4x the price, (ii) The US’ proposed sanction on Algeria after Macron visited Algeria for a gas deal in Aug ‘22, (iii) The foiled sabotage on TurkStream pipeline which feeds Russian gas to Europe via Turkey in Oct ‘22, (iv) The US’ Inflation Reduction Act in Aug ‘22 which pulls capitals from Europe.
Despite the self-damage, the EU still gives unconditional support to Ukraine. In fact, two European countries (Ukraine and Germany’s N.S.) were attacked in 2022, NATO helped Non-Ally Ukraine, but Ally Germany was ignore. It’s NEVER about justice. Boris Johnson visited Kiev 3 times, to stop Zelensky from peace talk w Russia. Leaders in Europe, the elites loyal to the US, are pinning hopes on Ukraine defeating Russia to say job done to Washington. Zelensky is advertised a hero to get public support.
The US is pushing Europe and Asia into wars. Remember after WW2, Europe and Asia were devastated, but the US emerged from the Great Depression, became the world leader and the dollar became the world’s reserve currency.
End of part 1
very very well put.
What happens if it collapses in to financial debt crisis ,can it rise again?
Try to separate in small logical chunks of information. Even though I have read everything, it took more time than I wanted.
Today people have less attention span and hardly read anything. Besides that, the Ministry of Truth may censor this message.
Awesome!
@@SuneelbabuAlla
It is not working well, inflation is still high, and the petrol-dollar scheme ended this year and MBS does not want to renew it. I expect Uncle Sam to have a major response.
Rip USD hello BRICs
BRICS is fake too. Not enough gold in existence to back as a global reserve currency. Do your research and educate yourself
It’s probably more like
“Rip bricks” aka Saudi/china/russia…. Ect
It’s truly has never ended well for anyone who’s attacked the petro dollar!
Google it !
@walterbenjamin9681 nobody is gonna read your novel bro
@walterbenjamin9681 lot of cope for a loser
Rip brics hello gold
BRICS 👏👏💪
Away with the US dollard for the greater good of mankind.
you must love poverty
Time will tell. Big world changes are coming and i doubt it will go down peacefully
Dedollerizion is solution for all conflicts happening in world 😢😢
It's hysterical that you think all conflict will be gone. It'll be the same as usual.
Conflicts arise from opposing interests.
The main interest of any biological being is survival and expansion. What makes economics the foundation.
From this we conclude that conflicts arise if there are systemic economic prerequisites.
In a capitalist system, as in a feudal or slave-owning one, there will always be such prerequisites.
And who in this story will be a bandit and who will be a victim is more a matter of chance.
Goodbye Bitcoin, HELLO BRICS!!!!
Bahahahahahahahaha
But CBDCs?
Saudi said that bitcoin can be accepted
@@ftu2021 they wont accept that fake phony currency wanna be lol do you know it has massive fee to do any transactions.
In Sha Allah
INSHA Allah. Subhana ALLAH,RABBI alameen
@@petergreen5337 allaka baha maka lala ahba
Some news organizations are saying there was no such agreement in the first place. While others are saying that it was just an understanding.
There was an agreement in place. Nixon pegged buying oil to the dollar. It was more than a understanding.
ALLAHU AKBAR ... ALHUMDULILLAH ... IN SHAA ALLAH... DECLINE WILL HAPPEN
And replace it with a worthless currency, where if you speak out against the countries government they’re just going to steal your money. Dion is totally gonna take over just because they manage to win the hearts of Argentina.
China can’t even build proper infrastructure that won’t collapse because of its own problems
Your God is imaginary and and a joke
Yep, it's already in decline. Countries won't buy our treasuries any longer and the US is desperate for money. We can't pay the operating costs of the US by around 30%
Libya's Gadafi tried to shun US dollar and introduce Gold as currency to trade between the African countries and see what they did to him..they assasinated him!
Let’s gooooo 🥳
Maybe izraeeeeeeeeel can help them out...
I have never cheered aloud at a RUclips video before
Woohoo 🥳
There was never a Petrodollar deal
US dollar will soon join the rank of the Zimbabwe dollar.
Dollar is just paper
Great write up😊
You just nailed every currency in the world pretty much.
Gold is just a piece of metal
But it all lies in perception .
@@mutyalammapalemps892 gold has production importance 😂😂
@@baytudduroos1063 then dollar has credibility and acceptance enforcement work
The sooner the better
RIP US dollar
Time to liberate Saudi Arabians and bring democracy?
Try it 😂
Saudi was never colonised like every other country in middle east 😉
@@abdulkarimsalehChina got burned nonetheless by the western powers despite never being formally colonized in its entirety , how would Saudi Arabia be any different ? They swore fealty and obedience to the ottoman sultans ,the only reason why it wasn't formally incorporated into the empire was because it just wasn't worth it
Happy to see end of usd
Yeah after that .. good luck getting two times food on your table fool
You obviously don't understand economics
@@asifmistry6512 I’m still waiting for this end. Oh wait, it never happened, because there was no agreement in the first place.
Saudi Arabia should not be puppet of USA like other European countries.
So why Saudi Arabia is depend on petro dollar.😂😂😂
WTF are you talking about indian man?shut up...
İnşallah
Amen
Well done MBS and hello Brics
Maybe if US didnt use dollars as weapons
The cost of islamophbia inside the US.
I'm favoured, $60k every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.
Please how do I go about it, am still a newbie on investment trading and how can I make profit?
Thanks to Mr Charles Lucas.
He's a licensed broker here in the states.
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Do you honestly think that God would bless an America that has aligned itself with everything evil ?
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Thanks to my co-worker (Alex) who suggested Ms Christy Fiore.
She's a licensed broker in the states 🇺🇸
After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸 also paid for my son's surgery (Oscar). Glory to God.shalom.
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For the best, after all they had inflict to the rest of the world. 😅
( Nixon shock 1971) will happen again in 2024 😎 But this time you will not lose part of the value of your money, you will lose it all.
Thanks u saudi arabia to end the dollar dominance
It should come to an end
One small burial for the dollar, one giant leap for mankind 😊
@@josue_kay still waiting for the end, oh wait it never happened.
All I gotta say is inshallah the dollar isn’t worth more than dirt and everyone moves on from the American dictatorship
Insha ALLAH the monopoly of the dollar will be crushed
End of dollar is must for Mankind
Go BRICS
Yes, it will.
US dollar Zelensky NATO G7 Out... Hello BRICS RU 🇷🇺+🇨🇳 CN = 💪💪
Russia will be reduced to Moscow city.
BRICS❤
No because it’s bs
It will become less and less relevant
There was never a deal signed, go try to find it, but it does spell bad news for the dollar
Big JOLT to US.
Insallah🎉
Petrodollr expierd like Joe's brain
Zionism dollars
Less dollar value, less wars in the world
Knowledge and technology is the factor not just money.
Kick the us dollar as well as us
No mention of indian rupee
Yes, think so.
Definitely this deal is not in arab interests
Keep the dollar is not in Arab interests, muricans will rob it anytime
US superpower needs its narcissism degraded sadly.
😂 There was never such agreement in 74. Pls read the real agreement
TRT 👍🏼👍🏼👍🏼
the USA better start pumping off shore way more than we already are....and start up that XL pipeline again
its like jump from boiling water to open fire. no hope for mankind.
whole asia and middle east should should join brics with 3 super powers like india china and russia
Everyone on here saying BRICS will dominate is a joke. Maybe in a century but not anytime soon.
Alhamdulillah 🤲
DEDOLLARISATION
my cat says
Yes of course its going to reduce overall demand of the US currency and thus its going to reduce the disparity between USD and Other world currencies..
as such USD 1 unit will be equal to 5 instead of current 50 Indian rupees soon for example..many 3rd world currencies will increase in value of their purchasing power
thx for not answering any questions.. you know like the title would suggest, not end with the very question we clicked on the video to have answered or at least pondered on. but nope.
We will still use it, just less
Combined, the BRICS bloc has a GDP over 25.85 trillion U.S. dollars in 2022, which is slightly more than the United States , no need to print money out of thin air it will rain out thin air on US 😂
Biden Regime seen to that!
WB and IMF need to Move every Year like Fifa venue Asia first..
Finally
MSB made a step but will see if can hold.
of course it will, they kept printing money
Dollar feeds the cancer, we need gold as currency EA639
Now the Saudi don't need to accept Israel's existence to force USA hand they now got new and better and stronger leverage
saudi's are pissed because USA not ending gaza war.
My fellow Americans: you guys realize that we can just leave, right?
Yeah, and go to some other country that's also in decline. Learning Spanish and going to El Salvador or Argentina mi8be alright.
@@ryanvenjoyercome to Mexico!
Yes. People said dollarization here i can se clearly Deterrorism.
❤❤❤❤🎉😊
is the chinese rmb not the yuan?
Kamu tidak tahu ? Karena kamu selama ini di buat bodoh oleh media kamu 😂😂
Yeah I thought so too. RMB is already mainlands currency. HK uses HKD, Macau uses MOP and Taiwan uses NTD. Korea is Won and Japan Yen. Didn’t they know that Yuan is just the name of the currency called Renminbi
Serious issues
It serious BS. That all, if these jokers knew were the market was going Jeff they would have bet the farm against the US dollar. Fun Fact: US dollar on trading hasn't budge. This is Russian Propaganda.
@@HellBot-gi5si thanks for vital information
BRICS+! 👏💪💯❤️
❤ u 🇸🇦&🇷🇺
USD will continue to be the currency of trade, the agreement doesn't do anything at this point, it's deeply embedded.
Masih berharap , tetapi waktu terus bergulir . Keputus asaan 😂😂
USD keep decreasing in international trade currency due to muricans weaponize the currency
Lol, it's just a matter of time, less countries want to trade in USD knowing they can get sanctioned any time
RIP ⛽️ dollars
🎉🎉🎉🎉🎉
Rejoices 🎉Rej❤❤
A video of the Armenian Genocide, please!
I hope so. I hope Russia currency wins the dominance.
Russia has the GDP of the state of New York.
Russias economy is tiny. Good luck with that 😂
Brics are killing each other
Yankee mad. Go do Izzraels bidding
ww3 incoming
lol u wish
Hahahaha nope the dollar is the king
Ok Jose. Now finish mowing my lawn
@@NeygarzruinedAmerica ok work is work hahahaha
USD is still powerful and will remain so for a very long time.
God bless America 🎉
God bless a country that has the most expensive college and healthcare in the world, works people to death and sends homeless people to jail? GTF outta here
No, its not. Saudi Arabia is shifting away from petro by 2030s. Lithium is the more important commodity for energy, what will drive US colonialism into countries to extract resources and change the political cultures. Not many more places to sack for petro. I bet you 1 million dollars the USD will be fine this time next year, but also usd will have drastically expanded in global foreign markets.
No one cares about lithium. Big4 influences the finance market. They advise billionaires to move their assets across and buy other currencies.
Be logical.
How will USD expand if the need for USD decreases?
I will take your bet.. but 1 million may not be worth much next year.
Betting you own books wolf
I can imagine what you are going through!😅😅😅
You are pretending but knowing the reality😂😂😂
Let's watch the Space!
It would never happen. World would be destroyed even if there is a glimpse of it happening.
The Saudi government will drop to their knees when the Iranian/ Russian alliance comes for them.
Muricans isn’t a trustworthy partner, better team up with China
With brics they are its allies 😎
Iran and Russia are weak countries 😂
🗨️🚧
Welcome to the age of Indian rupee
Indian rupee only can buy cowdung nothing else
American dollar dominated is peace in the world
They've developed fusion!!! I can smell it. Petrodollars are the old order. The sun in the palm of your hand is the new deal.
Rip usa Super power
Smart move by MBS let’s go
😂😂😂😂
Bye bye dollar😂😂😂