Russia making lots of deals in the middle east

[Lost Spurs]

If petrodollars collapse, things will have gone so shitty that reserve currency status will be gone as well.

Trust me, we don’t want this to happen.

We would default on our debt.

There will be war.
Not like recent skirmishes.
More like WWII


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Round 2. I just deleted like 5 paragraphs.


Not like WWII. Not at all. This one will be for humanity.

I am saddened to have been part of selling my kids (4 of them, still young) their souls are spoken for by the godless communists. My grandkids too.

1. I will continue to prepare while the getting is cheap.
2. I only wish I had more men.

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[TheDan]

Serious question about the petro dollar. Say the "petro dollar collapse" happens. The whole world financial markets would upend. Many countries would be totally screwed

The USD has essentially been a debt ponzi scheme since 1971. The only reason it has value is because of world reserve currency status, and that status is largely tied to the fact that you can only buy oil on the global market with USD due to military agreements with major oil producing countries. The main topic of this thread is those agreements are being dismantled.

Basically if USD loses world reserve currency status, the dollar will collapse. Everything will become incredibly expensive. It wouldn't be so bad if we actually made everything we consume here, but we don't. There's a pretty good article about it here: https://goldalliance.com/blog/if-the-dollar-loses-its-status-as-the-worlds-reserve-currency/

One thing I don't see many people talking about, is if the USD loses world reserve currency status, does the world really expect the US Navy to keep protecting shipping lanes? The main reason global shipping is relatively safe today is because of US fleets. Not much incentive to keep that up... I don't think Russia and China is up to the task, although they pretend to be. I suppose China does have all those roads they built. So yeah, everyone is going to be screwed.

wouldn't we actually be in an ok spot, especially Texas?

In the long run, yes. We have nearly everything we need to still be a technologically advancing, comfortable, and secure nation. I honestly think there's a lot of good to come out of it. Surviving the short term is going to be the problem.

Can you imagine Texas O&G only accepting gold? I'm all about it, but get ready to be Libya'd.

There will be war.

yep

 

[Rhino]

China announced a huge oil reserve discovery, and their oil imports have fallen 20%. Sounds like they might be going for energy independence. That's another significant blow to the petrodollar.

This video pretty well encapsulates whats going on.

Other countries have been working towards this for years, but personally I think our own reckless and excessive spending over the last year - not to mention congressional spending for the last several decades - is the true reason this is happening combined with Biden’s obvious ineptitude or deliberate stupidity allowing other countries to take advantage of our weakness

 

[TheDan]

personally I think our own reckless and excessive spending over the last year - not to mention congressional spending for the last several decades - is the true reason this is happening combined with Biden’s obvious ineptitude or deliberate stupidity allowing other countries to take advantage of our weakness

Yeah the existing monetary, domestic, and foreign policies were never sustainable so it was inevitable. People have been talking about it for decades, but Biden’s fecklessness has finally triggered it.

 

[TheDan]

India now, too: https://www.spglobal.com/platts/en/...-ready-to-expand-bilateral-energy-cooperation
India also just bought a bunch of Russian SAMs. hmmm....

 

[TheDan]

This is mostly editorial compared the rest of the factual articles in the thread, but it's worth noting...
Ukraine: NATO membership or energy security?

Biden really screwed up in Ukraine (when he was VP). NATO might as well disband with European countries cozying up to Russia for gas. At some point Ukraine is going to feel used and abandoned, and might do something drastic.

 

[TheDan]

Retaliation for making deals with Russia?

US Pulls Missile Defenses in Saudi Arabia Amid Yemen Attacks

Redeployment of defenses from Prince Sultan Air Base outside Riyadh comes as America's Gulf Arab allies nervously watch withdrawal of US troops from Afghanistan

www.voanews.com

 

[1911'S 4 Me]

WW lll is on it's way

 

[pronstar]

We used to successfully negotiate from a position of strength.

Weak leadership means we can’t be trusted.


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[toddnjoyce]

Came across this. While it’s a bit dated, seems to provide some context. If you can’t buy from us, gotta buy somewhere.

“The Biden administration has imposed a temporary freeze on U.S. arms sales to Saudi Arabia and is scrutinizing purchases by the United Arab Emirates as it reviews billions of dollars in weapons transactions approved by former President Donald Trump, according to U.S. officials.”

Source:
Biden Re-Examining U.S. Arms Sales to Saudi Arabia, U.A.E. - WSJ https://www.wsj.com/articles/biden-freezes-u-s-arms-sales-to-saudi-arabia-uae-11611773191

 

[TheDan]

More deals with India...

India and Russia broaden defense ties despite potential risk of U.S. sanctions

The two countries signed 28 agreements and inked a 10-year defense cooperation pact.

www.cnbc.com

 

[MTA]

More deals with India...

India and Russia broaden defense ties despite potential risk of U.S. sanctions

The two countries signed 28 agreements and inked a 10-year defense cooperation pact.

www.cnbc.com

Look for more “allies” to jump off the titanic before she goes down

 

[pronstar]

Came across this. While it’s a bit dated, seems to provide some context. If you can’t buy from us, gotta buy somewhere.

“The Biden administration has imposed a temporary freeze on U.S. arms sales to Saudi Arabia and is scrutinizing purchases by the United Arab Emirates as it reviews billions of dollars in weapons transactions approved by former President Donald Trump, according to U.S. officials.”

Source:
Biden Re-Examining U.S. Arms Sales to Saudi Arabia, U.A.E. - WSJ https://www.wsj.com/articles/biden-freezes-u-s-arms-sales-to-saudi-arabia-uae-11611773191

…while the Mideast re-examines why the petrodollar needs to exist anymore

These Dems literally don’t know how the world really works outside of textbooks.


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[jrbfishn]

They don't seem to understand the text books either.
I think they are just trying to make it up as they go. Or fail on purpose.

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[TheDan]

Here comes China, too...

WSJ News Exclusive | Saudi Arabia Considers Accepting Yuan Instead of Dollars for Chinese Oil Sales

Saudi Arabia is in active talks with Beijing to price its oil sales to China in yuan, people familiar with the matter said, a move that would dent the U.S. dollar’s dominance of the global petroleum market and mark another shift by the world’s top crude exporter toward Asia.

www.wsj.com

 

[Darkpriest667]

Here comes China, too...

WSJ News Exclusive | Saudi Arabia Considers Accepting Yuan Instead of Dollars for Chinese Oil Sales

Saudi Arabia is in active talks with Beijing to price its oil sales to China in yuan, people familiar with the matter said, a move that would dent the U.S. dollar’s dominance of the global petroleum market and mark another shift by the world’s top crude exporter toward Asia.

www.wsj.com

if the Saudis start accepting alternate currencies for Oil it will be game over.

 

[MTA]

if the Saudis start accepting alternate currencies for Oil it will be game over.

Ranted about this for a good 45 minutes last night. Petrodollar goes bye bye and we are in for a world of shit.

 

[1911'S 4 Me]

The One World Order is to take the U.S. down to 3rd world status,
AND we have no one in charge of the country will balls enough to stop it.

 

[TX oddball]

And the Saudis will not take Brandon's phone calls, The President of the United States.

Even this commie comic gasbag gets it, especially about his former target of hatred.

 

[Darkpriest667]

Ranted about this for a good 45 minutes last night. Petrodollar goes bye bye and we are in for a world of shit.

In the other thread @toddnjoyce was telling me how the only thing the Russians have to respond with is missiles. If they destroy our economy by removing the petrodollar, I think it's probably our only response. We have no economic response since we have no manufacturing and most mineral extraction is now outside of the US. Our only recourse of action would be to glass them.