Some posters are puzzled over why Trump hasn't named Saudi Arabia in his list of countries with travel bans to the US.
The reason is the "petrodollar". Any country which interferes with the petrodollar gets placed on the list for regime change, or even war. Recently Russia and China (and the BRICS) have agreed to trade directly in currencies other than the USD, hence their demonisation in the media. Previous examples of countries dropping the petrodollar are Libya, Iraq, Syria and look what happened to them. Of course the military industrial complex, oil companies, globalists etc also benefit out of all the chaos, but they are secondary to the petrodollar.
This website explains it. Since they have done a good job I'll simply quote from it.
https://thelastgreatstand.com/2014/03/24/forget-russia-dumping-u-s-treasuries-…-here’s-the-real-economic-threat/
"In 1973, a deal was struck between Saudi Arabia and the United States in which every barrel of oil purchased from the Saudis would be denominated in U.S. dollars. Under this new arrangement, any country that sought to purchase oil from Saudi Arabia would be required to first exchange their own national currency for U.S. dollars.
In exchange for Saudi Arabia’s willingness to denominate their oil sales exclusively in U.S. dollars, the United States offered weapons and protection of their oil fields from neighboring nations, including Israel."
"By 1975, all of the OPEC nations had agreed to price their own oil supplies exclusively in U.S. dollars in exchange for weapons and military protection."
"This petrodollar system, or more simply known as an “oil for dollars” system, created an immediate artificial demand for U.S. dollars around the globe. And of course, as global oil demand increased, so did the demand for U.S. dollars.
Once you understand the petrodollar system, it becomes much easier to understand why our politicians treat Saudi leaders with kid gloves. The U.S. government does not want to see anything happen that would jeopardize the status quo."
"The “petrodollar” system was a brilliant political and economic move. It forced the world’s oil money to flow through the US Federal Reserve, creating ever-growing international demand for both US dollars and US debt, while essentially letting the US pretty much own the world’s oil for free, since oil’s value is denominated in a currency that America controls and prints. The petrodollar system spread beyond oil: the majority of international trade is done in US dollars. That means that from Russia to China, Brazil to South Korea, every country aims to maximize the US-dollar surplus garnered from its export trade to buy oil."
"The US has reaped many rewards. As oil usage increased in the 1980s, demand for the US dollar rose with it, lifting the US economy to new heights. But even without economic success at home the US dollar would have soared, because the petrodollar system created consistent international demand for US dollars, which in turn gained in value. A strong US dollar allowed Americans to buy imported goods at a massive discount –
the petrodollar system essentially creating a subsidy for US consumers at the expense of the rest of the world. Here, finally, the US hit on a downside: The availability of cheap imports hit the US manufacturing industry hard, and the disappearance of manufacturing jobs remains one of the biggest challenges in resurrecting the US economy today."
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Among other things the petrodollar has enabled the US to become the global bully and fund all it's regime changes and wars, which is why Russia and China have decided to do something about it.
