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.

Death Of The Petro Dollar

Not Clickbait Petro Dollar died Russia / Saudi Arabia sign historic deal Got Gold, Silver & Bitcoin?

65,953 views
Aug 25, 2021

88.3K subscribers

 
Not Clickbait The Petro Dollar died 2 days ago Russia / Saudi Arabia sign historic deal. What will this do to confidence in the Dollar and what will happen if people start to sell off bonds and dollars. What will happen to the price of Bitcoin, Gold, Silver and more?

The Death Of The Petro Dollar Now Aug 2021

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
00:19
i’m going to show you a couple of things
00:20
and we’re going to line up some dates
00:22
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
00:47
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
00:52
and check this out i’m going to read the
00:54
whole thing
00:56
it says right here
00:58
the administrator the nixon
00:59
administration decided in august 1971 to
01:02
suddenly and shockingly
01:05
uh end the convertibility of us dollars
01:07
into gold right
01:11
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
01:18
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
01:55
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
02:07
could not transact from one country the
02:09
next
02:11
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
02:30
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
02:42
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
02:50
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
03:06
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
03:17
don’t have that kind of ability anymore
03:19
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
03:26
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
03:32
and it happened two days ago
03:35
now this is uh a twitter from
03:38
a khalid bin solomon
03:40
he stated i signed an agreement today
03:43
this is two days ago
03:44
with the russian deputy minister of
03:46
defense colonel general alexander fomen
03:50
between the kingdom
03:51
and the russian federation
03:54
aimed at developing joint military
03:56
cooperation between the two countries
03:59
now i believe there is a lot more in
04:01
that agreement than just that
04:04
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
04:25
recent years that uh the brics uh
04:27
acronym doesn’t even work anymore
04:29
because there’s more and more getting on
04:30
on top of it
04:32
to do
04:34
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
04:47
oil
04:48
oil purchases now we have seen in the
04:50
recent past iran and other countries try
04:53
and skirt this by settling oil um
04:56
contracts in gold and other uh
04:59
currencies but they usually get fought
05:01
back and today or two days ago and it is
05:04
and i’m telling you right now the reason
05:05
why i feel this is this is a big deal
05:08
quite frankly i believe it’s the
05:09
greatest news story in 10 years
05:11
uh is that because
05:13
it’s what they’re not reporting that
05:15
this isn’t in the news
05:17
and i believe that you are going to see
05:20
in the coming months
05:23
documentation coming out or or
05:26
or
05:26
facts you know where you see people
05:28
spending money that
05:30
oil is going to be starting to be sold
05:32
outside the us dollar
05:34
from saudi arabia
05:36
so i wanted to show you guys this i hope
05:38
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
05:44
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
05:49
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
06:03
is absolutely huge so that being said
06:05
guys i thank you so much your time the
06:06
economic ninja is out