Trump promises to transform the US into the main hub for cryptocurrency globally at the biggest Bitcoin event

[surada]

The US - Saudi Petro Dollar Agreement Has Official ENDED

The Petrodollar agreement between the United States and Saudi Arabia has officially expired, marking a significant shift in global economics.

www.islamicity.org

Saudi Arabia ends petrodollar agreement: What it means for the USD, Bitcoin, and gold

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

kitco.com

https://www.reuters.com/markets/currencies/what-is-brics-currency-could-one-be-adopted-2023-08-23/

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

~S~

The US doesn't buy much oil from Saudi Arabia in the past 15 years. It only makes sense for them to trade in other currencies.

 

[Harpy Eagle]

The US doesn't buy much oil from Saudi Arabia in the past 15 years. It only makes sense for them to trade in other currencies.

and it is not the end of the world when they do

 

[peacefan]

The US - Saudi Petro Dollar Agreement Has Official ENDED

The Petrodollar agreement between the United States and Saudi Arabia has officially expired, marking a significant shift in global economics.

www.islamicity.org

Saudi Arabia ends petrodollar agreement: What it means for the USD, Bitcoin, and gold

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

kitco.com

https://www.reuters.com/markets/currencies/what-is-brics-currency-could-one-be-adopted-2023-08-23/

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

~S~

that's just mighty disloyal of them Saudis, i'd say.
we helped them into power, we helped them retain their regional power, and now this?!

 

[sparky]

The US doesn't buy much oil from Saudi Arabia in the past 15 years. It only makes sense for them to trade in other currencies.

yes, but it also will weaken the US$ surada , juxtaposed to our 30odd T debt already doing so

the inflation we're experiencing right now being a symptom, the magic bullet being able to disguise it digitally is on the table

~S~

 

[sparky]

that's just mighty disloyal of them Saudis, i'd say.
we helped them into power, we helped them retain their regional power, and now this?!

not much of an ally

jmho

~S~

 

[1srelluc]

Snake oil and magic potions will be on sale at the entry gate and in booths at the end of the stage.

You should know.

 

[wamose]

Because it is, quite literally, backed by NOTHING.

When we sell our bonds, all they're backed by is faith in the US. When we elect lazy, incompetent liars like Biden and possibly, God forbid, Kamala, how much confidence will the world have in this country? If we continue to elect losers like this to be the face of our country, it's only a matter of time before people lose confidence and stop buying our bonds. That is what is putting the dollar in peril, not cryptocurrencies. Don't worry. Trumpie will fix it.