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Lt Ripley

5,464 Posts.

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13/06/24

23:45

Post #: 74307090
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Originally posted by Cosmoterios ↑

This is probably the Biggest Impact on the US's ability to Print Unlimited Amounts of Money, to fund wars.

Ukraine war and the seizing of Russia reserves was probably the trigger for this move.

We are going to see unprecedent moves in the next few years.

This is earth shattering stuff.

Lets hope it does not lead to WW3.

Saudi Arabia Ditches US Dollar, Will Settle Oil Payments in Yuan, Euro

In a drastic new sentiment shift, Saudi Arabia has not renewed its decades-long petrodollar agreement with the US, actively jeopardizing its trade relationship with the United States. The financial world is now bracing for its collective impact, as Saudi Arabia officially spearheaded efforts to move away from the US dollar dependency.

https://watcher.guru/news/saudi-arabia-ditches-us-dollar-will-settle-oil-payments-in-yuan-euro

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It may lead to the end of the $ monopoly and money printing advantage to the Yanks.
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