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July 4, 2024 Readings
July 4, 2024 Readings Petrodollar Panic: Separating Fact From Fiction – RIA The Politics of Exhaustion–Aurelien “Gaza Is Complicated.” No It Isn’t, Grow Up.–Caitlin Johstone Germany expanding intelligence services amid its “preparation for war” with Russia–InfoBRICS Large Maneuvers of War in Europe Under US Command. Manlio Dinucci – Global Research The meme that is destroying […]
Sense and Nonsense on Petrodollars
Sense and Nonsense on Petrodollars Folded dollar bill (featuring George Washington) against a map of Saudi Arabia. Last week several reports suggested the termination of a US-Saudi petrodollar agreement, and speculated a Saudi Arabian move to sell oil on world markets in various currencies, including the Chinese yuan. The accounts were rife with inaccuracies: the […]
The End Of The Petrodollar
The End Of The Petrodollar The Saudis, New Chapter in Energy Economics, De-dollarization, and the American-Made Pressure Cooker “Oil is too important a commodity to be left in the hands of the Arabs.” ~ Henry Kissinger Just last Sunday, one of the most significant economic deals of the century came to an end. The long-standing […]
World War Three Chronicles, Part 2
World War Three Chronicles, Part 2 As World War Three progresses with the proxy war in Ukraine grinding the nation and its war weary people into dust, we need to pay close attention to the second front. The systematic demolition of US Dollar Hegemony. Part one of this series is embedded here: World War Three Chronicles, Part1 We […]
Why the End of the Petrodollar Spells Trouble for the US Regime
Why the End of the Petrodollar Spells Trouble for the US Regime On January 17, the Saudi minister of finance, Mohammed Al-Jadaan, announced that the Saudi state is open to selling oil in currencies other than the dollar. “There are no issues with discussing how we settle our trade arrangements, whether it is in the […]
A Dollar Collapse Is Now In Motion – Saudi Arabia Signals The End Of Petro Status
A Dollar Collapse Is Now In Motion – Saudi Arabia Signals The End Of Petro Status The decline of a currency’s world reserve status is often a long process rife with denials. There are numerous economic “experts” out there that have been dismissing any and all warnings of dollar collapse for years. They just don’t […]
Poszar Was Right: Saudis Confirm Non-Dollar Oil Trade Plans In Davos
Poszar Was Right: Saudis Confirm Non-Dollar Oil Trade Plans In Davos Earlier this month, former NY Fed repo guru Zoltan Pozsar wrote one of his most important reports of 2022, in which he described how Putin could unleash hell on the Western financial system by demanding that instead of dollars, Russian oil exporters are paid in gold, […]
Running on Empty, Part V
Running on Empty, Part V When the Dollar is Broken, What Does One Do to Not Go Broke? (Guest Post) Gary Brode of Deep Knowledge Investing was kind enough to share my series Running on Empty with his readers. This afternoon I’ve invited him to offer his thoughts for my readers, focusing on the implications that […]
Running on Empty, Part IV
Running on Empty, Part IV How the War between Russia and Ukraine is Destroying the Petrodollar System Welcome to Part IV of Running on Empty, my four-part analysis of the Petrodollar system. Part I of this series explained that the US dollar is the world’s first reserve currency that is not backed by precious metals. Instead it is […]
Running on Empty, Part III
Running on Empty, Part III The Implications of the Petrodollar System for America and World Geostrategy Welcome to Part III of Running on Empty, my three-part analysis of the Petrodollar system. Part I of this series explained what the petrodollar system is, how it came to be, and what its financial effects have been on the United States. Part II explained […]
Running on Empty, Part II
Running on Empty, Part II How the Petrodollar Poisoned Foreign Policy with Financial Profiteering Welcome to Part II of Running on Empty, my three-part analysis of the Petrodollar system. Part I of this series explained what the petrodollar system is, how it came to be, and what its financial effects have been on the United States. In Part […]
The Petrodollar Collapse is Here! Disaster for U.S.
The Petrodollar Collapse is Here! Disaster for U.S.
US dollar’s dominance in oil markets may face challenge as Saudis reportedly eye yuan-based sales deal with China
US dollar’s dominance in oil markets may face challenge as Saudis reportedly eye yuan-based sales deal with China Saudi Crown Prince Mohammed bin Salman and Chinese President Xi Jinping. Lintao Zhang/Getty Images Saudi Arabia is in talks to sell oil to China and be paid in yuan, according to the Wall Street Journal. For nearly 50 […]
American Exceptionalism Is on the Ropes and the End of the Petrodollar Is Nigh
American Exceptionalism Is on the Ropes and the End of the Petrodollar Is Nigh From the border wall rhetoric to trade wars, Trump is effectively setting up the implosion of the dollar and couching it as pseudo nationalistic populism. The pressure on the global economy imposed by the measures to curb the COVID-19 pandemic threatens […]
