This video is an update to the previous video I did dealing with the Petro-Dollar System being in trouble. If you haven’t seen that video, I would recommend you doing so before watching this one.
The Kingdom of Saudi Arabia (KSA) has indeed agreed to accept Yuan for payments of oil.
This is a truly massive blow to the Dollar.
As I said in the other video, the two things have kept the Dollar, and hence the US, in such a privileged position since at least the middle of the 20th Century are the Petro-Dollar System and the World Reserve Currency status. Both act as essential supports for the Dollar. And both are under assault.
In the previous video, I presented an analogy … The two great, stone columns holding up a triangular plinth, like the ones you might see in ancient Greek architecture in say the Pantheon in Athens, where the Dollar is represented by the triangular plinth and where the columns are the Petro-Dollar System and the World Reserve Currency status. These columns are looking not just decrepit, but decidedly dodgy.
This whole structure is in a very precarious position at present.
So, expect the Dollar to collapse in a dramatic fashion in the not too distant future.
When will this happen? When will the Dollar actually collapse? Well, hard to say for sure. Timings are always tricky. If I were to hazard a guess … I would say sometime very soon – a matter of only a few months. I really can’t see it lasting the year. I could be wrong of course, but we shall see.
I should say that when I talk about the Dollar collapsing I mean the Dollar as we know it today.
The post-1913 Dollar. The FED Dollar with the Federal Reserve Notes. As opposed to the pre-1913 Dollar. So we could see the Dollar rise again in an altered state. And we could see the end of the FED.
It will be very interesting indeed to see how the current US Administration reacts to this latest move by KSA.
I should say that the matter regarding the Petro-Dollar system is not restricted to the world of finance. These matters are Geo-Political in nature.
We must bear in mind that previous leaders of nation states who have tried to operate outside of the Petro-Dollar System didn’t fair all that well.
Gaddafi of Libyia to name but one. He ended up dead in a ditch.
He had the audacity to want to trade the oil of Libyia for a currency other than the Dollar – Euros. And he had also expressed an interest in doing oil deals in Gold. This was utterly unacceptable to the US Administration. It was a direct threat to the Petro-Dollar System and it had to be dealt with.
He had crossed a line and paid for this with his life.
What will happen to the troops based in KSA is anyone’s guess.
As part of the Petro-Dollar System deal organised by Kissinger in 1973, US troops were based in KSA in order to provide protection from foreign threats.
I’m reminded of the “protection rackets” employed by the Mafia where demands for money are backed up by threats of violence. Pay a monthly due, o
