If Saudi Arabia sells oil to China in Chinese currency, it would strike a blow at the US economy. China buys more than 25% of the oil that Saudi Arabia exports, and if priced in yuan, those sales would boost the standing of China’s currency, and set the Chinese currency on a path to becoming a global ‘petroyuan’ reserve currency, replacing the US petrodollar and position as the world’s reserve currency.
Summary by JW Williams
The US dollar is the world’s reserve currency due in large part to the US petrodollar in which oil producers would sell their product to the US (and the rest of the world) for dollars, which they would then recycle the proceeds in dollar-denominated assets and while investing in dollar-denominated markets.
However, this system that backed the US as world’s dominant superpower is coming to an end. Saudi Arabia is in active talks with Beijing to price its some of its oil sales to China in yuan. Saudi Arabia, the world’s largest crude oil exporter, is shifting toward Asia after disappointment in Biden’s withdrawal from Afghanistan and lack of US support in the Saudi’s war with Yemen. Saudi leaders recently beheaded 81 people.
As a result of the invasion of Ukraine, China is the world’s No. 1 importer of oil and the biggest trading partner for Saudi Arabia, which is the largest oil exporter globally.
The shift to the east strikes a blow at the US petrodollar. China buys more than 25% of the oil that Saudi Arabia exports, and if priced in yuan, those sales would boost the standing of China’s currency, and set the Chinese currency on a path to becoming a global petroyuan reserve currency.
The West’s support for the conflict in Ukraine is not only knocking the US off its position as the top economic superpower, but the UK has also damaged its economy by vowing to stop importing Russian fuel by 2023; Russia supplies 4% of the UK’s gas and 8% of Britain’s oil. British PM Boris Johnson is preparing to spend billions of pounds to subsidize the heating bills of millions of British families as prices are set to rise.
While Russia starves the western world of much needed resources, sending commodity prices higher, China is quietly approaching other “non-western” former petrodollar clients to switch to the yuan.
The mainstream media is ridiculing the proposed ban as a ‘conspiracy theory’, but a poll of 1,000 people found that about 10% of Americans believed in chemtrails “completely,” while upwards of 30% of Americans at least found it “somewhat” true
New World Order veteran expert G. Edward Griffin joins Maria Zeee to discuss the history of the one-world government, how the financial/banking system is a lie and is about to collapse, and what people need to do now that “they” have been exposed.
Polly says the plan is to track people and their emotions so that machines can vote in your place.. The goal is to supplant human decision-making with a machine interface to replace democracy. Humans will become databases. Individualism is being sacrificed for the ‘greater good’ of being replaced by machines.
The cargo ship ‘Dali’ that was operating under the flag of Singapore, lost power and crashed into Baltimore’s Francis Scott Key Bridge, causing it to collapse. Biden said that the federal government should pay for the cost of rebuilding the bridge rather than insurance for the ship or bridge paying for the damage.
Morgan Gargiulo, an aspiring actor, created a fake lease, moved into a mansion, threw massive parties and charged rent. He charged between $500 to $1,500 for entry to his parties. California “adverse possession” statutes allow squatters to stake a claim over a property after five years of uninterrupted occupancy.
Microplastics are becoming more abundant and are present in the air, soil and water. Seepage from landfills can pollute water sources with microplastics. These synthetic substances have been found in our food and inside of our organs. They can sneak into our bodies through our clothing and cosmetics.
Authorities have linked the increase in dengue fever cases to climate change, yet they neglected to investigate the effect of dumping 2.4 billion GMO Bill Gates-backed mosquitoes across the world. Google is involved in the sterile mosquito experiment while DARPA funded the mutant Wolbachia bacteria mosquito experiment.
According to the latest provisional data from the CDC, there are about 80,000 overdose deaths per year across the US. A Bloomberg poll of nearly 5,000 voters shows 8 in 10 voters in seven swing states believe fentanyl misuse is a “very important” or “somewhat important” issue when deciding who to vote for in November.
Representative Warren Davidson said, “It’s a sad, disappointing day. Republicans promised to spend less and secure the border. This bill does neither.” The national debt recently skyrocketed to over $34.578 trillion.
Squatters in some blue states are treated like tenants and law enforcement doesn’t help, so landlords are forced to evict them through a lengthy and costly court process.
Gunmen killed 133 concert goers. The building was set on fire. Four Tajik nationals were arrested as their vehicle tried to escape to Ukraine. An affiliate of ISIS operating in central Asia claimed responsibility for the attack. The US warned Russia of a potential attack. The CIA may be involved.
Candace was labeled an antisemite after making a comment about Hitler giving nationalism a bad name was out of context. Her career was put on ice until she had a secret meeting with a rabbi to restore her reputation. The media still pretends that she made an antisemitic slur.
Leonel Morena, an illegal alien from Venezuela living it the US, made this announcement: “My people have thought about invading a house in the United States because I learned that there is a law that says that if a house is not inhabited we can expropriate [seize] it.” The video has racked up 4 million views.
The recent photo of Kate with her three children created a scandal because it was modified. This incident points toward artificial intelligence playing a large role in constructing narratives in the future using fake photos and videos that may discount important evidence.
Irish Prime Minister Varadkar told Biden that the Irish have deep compassion for the Palestinian people and compared the Irish famine with the war and starvation currently in Gaza. Varadkar said that Palestinians need food and water, but they especially need the bombs to stop.
There is a shortage of recruits for the US military due to wars over oil and other resources, COVID vaccine mandates and demoralizing policies. Democrat Senator Dick Durban’s solution is to pass a law allowing ‘undocumented’ people who serve in the US military honorably to become citizens of the United States.
Polish farmers used their tractors to block a major highway crossing the border with Germany in an ongoing protest against European Union agricultural ‘green’ policy and duty-free imports from Ukraine.
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Wali
2 years ago
It would never happen. They signed that agreement back in the day with Kissinger. If Saudi tried it would be invaded and slaughtered.
Ragnar D.
2 years ago
The U.S. dollar is on the way out, but don’t get all teary-eyed that the U.S. is no longer “number one” in the world economy. This financial system has no connection to regular patriotic Americans. It’s run by offshore globalists who continue to rob us on a daily basis. Get your money out of the banks and invest in gold, silver, and Bitcoin unless you prefer a central bank digital currency where “woke” politicians will shut off your account if you talk about conspiracy theories too much.
Jimbo
5 months ago
Read: Frank Gaffney’s new book on China’s multiple-level threat against US
It would never happen. They signed that agreement back in the day with Kissinger. If Saudi tried it would be invaded and slaughtered.
The U.S. dollar is on the way out, but don’t get all teary-eyed that the U.S. is no longer “number one” in the world economy. This financial system has no connection to regular patriotic Americans. It’s run by offshore globalists who continue to rob us on a daily basis. Get your money out of the banks and invest in gold, silver, and Bitcoin unless you prefer a central bank digital currency where “woke” politicians will shut off your account if you talk about conspiracy theories too much.
Read: Frank Gaffney’s new book on China’s multiple-level threat against US
“The Indictment” c.2023