The Petro-Dollar system is dying. US world reserve currency will go with it.

The Wider Ramifications Of A China-Aramco Deal

The Saudi government is indeed in advanced talks with several Chinese entities – sovereign wealth funds and oil companies – to sell a 1 per cent stake in its flagship company, Saudi Aramco, OilPrice.com can confirm from a number of banking and oil industry sources close to the deal.

The sale of such a strategic stake in such a key company in Saudi Arabia to a Chinese entity would mark a decisive shift of power in the Middle East towards China and away from the U.S., further fracturing the already-strained 1945 core relationship agreement between Washington and Riyadh. For China, Saudi has long been a prime target of its overarching strategy to replace the U.S. not just as the world’s largest economy by nominal GDP by 2030 at the latest (it is already the world’s largest economy by purchasing power parity, the largest manufacturing economy, and the largest trading nation) but also as the major geopolitical power in many of the U.S.’s key spheres of influence.

https://oilprice.com/Energy/Energy-General/The-Wider-Ramifications-Of-A-China-Aramco-Deal.html

>>13574167

If this deal goes through, the American Empire is over. This is China's deathblow. Once they replace the Petrodollar they become the new world superpower

>>13574293

>>13574301

You idiots clearly don't understand geopolitics and international finance. This is the end of America. Just like they've always wanted.

>>13574367

>>13574347

The petrodollar system is the national order in which the US government has promised the Saudis access to our military in exchange for a promise that all oil sold by OPEC is denominated in dollars.

This forces all nations around the world to accept the US dollar in trade because they need to currency to purchase thier energy needs.

Once thier is an alternative for nations to acquire oil without the need for dollars, global demand for the dollar collapses, the US can no longer export its inflation. The dollars status as the world reserve currency ends. The government will have to default on its debts or push massive domestic inflation on the citizens, either choice destroys the US economy.

you fucking idiot anons need to pay attention to this because its the biggest threat to America ever

>>13574462

China has a drastically lower National Debt/GDP ratio than the US. This means the Yuan will be devalued at a much lower rate than the dollar over the long term in the future. Nations will choose the Yuan over the dollar because it will retain its purchasing power better and thats all that matter when it comes to national reserves.

If you don't understand international capital flows best to shut your mouth rather than make a fool of yourself

>>13574476

OPEC currently only accepts US dollars for thier oil. they have the majority of the worlds oil supply if you want to buy oil on the open market, you need US dollars….for now.

Once China gets OPEC to accept the Yuan the dollar dies. its guaranteed. The demand for dollars to buy oil is the ONLY thing that has allowed the US to run up $28T in debt when it obviously will never be able to repay it

>>13574571

The white hats aren't going to get a chance to get us back onto the gold standard unless this China/Saudi deal is halted.

Yet another false promise from Q not delivered on because the fuckers couldn't secure the election

>>13574532

The entire US fiat monetary house of cards is over that's what. When the collapses it will be economic devastation. sure we'll be alive but the average American's standard of living will drop to levels worse than the great depression

>>13574579

Get your fucking head out of conspiracy land for a second and educate yourself! You don't need Roths/Banking cabal bullshit to understand what happens when the petrodollar system ends.

THIS IS IT. This is how they will destroy America like they've always wanted.

>>13574643

I know, it's over simplified. I don't want to go into all the details. Trying to keep it high level for the non-finance anons to understand.

TL;DR America is so fucked.

>>13574662

White hats need the US in a potision of global economic strength if they're ever to have a chance to win. Yes, the petrodollar system is corrupt and major source for alot of the worlds ills but if the system collapses before the cabal is destroyed its game over for Qteam.

>>13574766

Huge deal.

have to consider the fact that the entire US economy right now is propped up by the fact that the government can print dollars and export them to foreign nations, hence they are eating the inflation that would otherwise be hitting the american consumer. When demand for the dollar collapses the Government will no longer be able to float its $28T in debt with perpetual new short term bond offering. Either the government defaults or massive domestic inflation hits us. either option destroys the US economy