The Death Of The Petro Dollar Now Aug 2021
Massive Change To World Economy Coming Soon
The Death Of The Petro Dollar has been predicted as an eventuality for a long time. It looks like it has finally arrived. This will replace the USA as the “Big Dog” in the world economy.
Not Clickbait Petro Dollar died Russia / Saudi Arabia sign historic deal Got Gold, Silver & Bitcoin?
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Aug 25, 2021
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The Death Of The Petro Dollar Now Aug 2021
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FULL VIDEO TEXT
00:01
hey everybody economy ninja here i want
00:03
to talk to you today and i don’t want it
00:05
to be sounding clickbaity but i swear
00:08
this is not clickbaity i believe that
00:10
what just happened two days ago is quite
00:12
frankly the last nail
00:14
in the coffin of the us dollar and i
00:17
couldn’t be more serious about that and
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i’m going to show you a couple of things
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and we’re going to line up some dates
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and i think it’s it’s quite shocking to
00:23
be honest with you anybody that’s in the
00:25
know that has been studying these
00:27
cycles studying the difference between
00:29
real money
00:31
and uh fake money currency uh
00:34
understands what’s happening and
00:35
nobody’s talking about this right now so
00:37
first we’re gonna start this how do
00:38
petro dollars affect the us dollar says
00:40
after the collapse of bretton woods the
00:42
gold standard in the early 1970s us
00:45
struck a deal with saudi arabia to
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standardize oil prices in dollar terms
00:50
through this deal the petrodollar system
00:51
was born now i want you to go down here
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and check this out i’m going to read the
00:54
whole thing
00:56
it says right here
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the administrator the nixon
00:59
administration decided in august 1971 to
01:02
suddenly and shockingly
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uh end the convertibility of us dollars
01:07
into gold right
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and then it says right here the
01:12
petrodollars are paid okay so there’s a
01:14
key term sorry uh the point being is
01:16
that in 1971
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uh
01:19
we changed from a gold-backed currency
01:21
our partially gold-backed currency to an
01:23
oil-backed currency and a deal was
01:25
struck
01:28
back in the early 1970s when the u.s
01:30
reached agreement with saudi arabia to
01:32
standardize the sale of oil right but i
01:33
want you to realize
01:35
that it wasn’t just a nice thing they
01:37
didn’t want stability in the oil
01:40
prices
01:41
what saudi arabia wanted was money and
01:44
protection and that came through the
01:47
full-fledged commitment of the u.s
01:49
government to protect saudi arabia
01:52
and in return all the oil that saudi
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arabia sold onto the open market through
01:58
opec
01:59
and any other means necessary would be
02:01
done in u.s dollars and at that point it
02:04
was made a law around the world that you
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could not transact from one country the
02:09
next
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and purchase oil unless was done in u.s
02:14
dollars and that is why for the last 50
02:17
years we have been able to export our
02:20
inflation away now i want to keep this
02:22
very
02:23
light for people that are new to this
02:25
but i want to explain the very serious
02:27
significance so just the other day um
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last week we had the 50th anniversary of
02:33
when nixon took us off of the gold
02:35
standard it was technically a partial
02:37
gold standard
02:38
called the bretton woods agreement but
02:40
that’s not the point
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the point is is that the dollar was
02:44
going to see a future of inflation and
02:47
inflation it saw in the late 70s and
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very early 80s we saw massive inflation
02:52
in our country because the fact that now
02:56
the dollar was not tied to something
02:58
solid something secure
03:00
the ability to print uh currency and go
03:04
hog wild with it uh when it ran well
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it’s been running this whole time but
03:08
inflation really uh exploded until paul
03:11
volcker slammed interest rates spiked
03:14
them high to quail inflation well we
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don’t have that kind of ability anymore
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because the government is so in debt the
03:21
consumer is so in debt corporations are
03:24
so in debt we don’t have that ability
03:25
anymore
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but this is where i’m getting with i
03:28
hope you guys are still on the video and
03:29
this is where i believe the dollar has
03:31
now just died
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and it happened two days ago
03:35
now this is uh a twitter from
03:38
a khalid bin solomon
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he stated i signed an agreement today
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this is two days ago
03:44
with the russian deputy minister of
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defense colonel general alexander fomen
03:50
between the kingdom
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and the russian federation
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aimed at developing joint military
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cooperation between the two countries
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now i believe there is a lot more in
04:01
that agreement than just that
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so you remember in 19 in the early 70s
04:06
saudi arabia wanted protection and now i
04:09
believe today more than ever they are
04:12
seeking solid protection the facts are
04:15
that russia and china have formed an
04:18
alliance called the brics nations
04:20
brazil india there’s many others and as
04:23
a matter of fact uh so many others in
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recent years that uh the brics uh
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acronym doesn’t even work anymore
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because there’s more and more getting on
04:30
on top of it
04:32
to do
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uh
04:35
swaps do uh purchases outside of the us
04:38
dollar so slowly the dollar has been
04:40
dying and dying the last and final
04:43
frontier for the us dollar
04:45
has been
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oil
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oil purchases now we have seen in the
04:50
recent past iran and other countries try
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and skirt this by settling oil um
04:56
contracts in gold and other uh
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currencies but they usually get fought
05:01
back and today or two days ago and it is
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and i’m telling you right now the reason
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why i feel this is this is a big deal
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quite frankly i believe it’s the
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greatest news story in 10 years
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uh is that because
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it’s what they’re not reporting that
05:15
this isn’t in the news
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and i believe that you are going to see
05:20
in the coming months
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documentation coming out or or
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or
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facts you know where you see people
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spending money that
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oil is going to be starting to be sold
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outside the us dollar
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from saudi arabia
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so i wanted to show you guys this i hope
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you guys got something out of this
05:40
if you did if you don’t mind hitting the
05:42
thumbs up but i do believe this is a
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continued story we’re gonna see over the
05:45
next few weeks and i wanted to bring
05:47
this to you because nobody is reporting
05:48
this
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and as a matter of fact i want to give
05:50
credit to jared tate the founder and
05:53
creator of digibyte the creator of
05:54
digibite uh thanks jared for putting
05:56
this out i’m going to take it bigger not
05:58
that you couldn’t but you know i think
06:00
this is you’re absolutely spot on this
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is absolutely huge so that being said
06:05
guys i thank you so much your time the
06:06
economic ninja is out