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Saudi Arabia is thinking about abandoning
the dollar

Original Article

Posted By: Hazymac, 3/16/2022 12:03:07 PM

The American dollar is currently the world's reserve currency, meaning it is the primary means of handling transactions between nations that have differing currencies. To qualify as a reserve currency, it must be stable and readily available, and it can be considered a safe-haven currency. In some ways, a reserve currency can become a self-fulfilling prophecy because its very status enhances its value. For Americans, that status helps prop up America's enormous debt load. That's why it was very disturbing to learn that Saudi Arabia, disgusted with the current management in Washington, D.C., is looking to start pricing

Comments:

If the $USD loses reserve currency status, the American standard of living will be halved, at least. That would be the worst economic disaster this country ever faced.

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Reply 1 - Posted by: DVC 3/16/2022 12:11:16 PM (No. 1101716)
And the Federal Reserve continues to print $120 billion in new money every MONTH, further driving inflation and lowering the value of the dollar. The Fed is intentionally inflating the dollar, and this will be crushing the American middle class, which is an avowed intent of the WEF folks, which apparently includes the Federal Reserve.
7 people like this.

Reply 2 - Posted by: DogFacedPonySoldier 3/16/2022 12:13:27 PM (No. 1101719)
Our idiot President will probably say publicly: "Go ahead. Who cares? "
5 people like this.

Reply 3 - Posted by: Quigley 3/16/2022 12:26:36 PM (No. 1101732)
After bidet killed the 7 children his comment was “it was never going to be perfect.” I guess we’re just going to have to sacrifice some for what’s right- in schmoe’s opinion “what’s right” being “whatever it says on the note included in the bag of money.”
4 people like this.

Reply 4 - Posted by: Speedy2 3/16/2022 12:29:58 PM (No. 1101742)
Never trust the Saudis. Ruthless tribe!
8 people like this.

Reply 5 - Posted by: Nimby 3/16/2022 12:36:03 PM (No. 1101754)
81million voters!! How does it feel to be suckered?
9 people like this.

Reply 6 - Posted by: red1066 3/16/2022 12:40:53 PM (No. 1101761)
It's a threat due to the negotiations with Iran and allowing Iran to get a nuke. Stop the negotiations, and the dollar threat goes away. This is a no win for everyone except China.
12 people like this.

Reply 7 - Posted by: KatieJo 3/16/2022 1:49:19 PM (No. 1101812)
Agree with OP. The dominoes are starting to tumble, we are in for some hard times folks. Serious food shortages to start this summer. The current fertilizer shortage will be exacerbated by the Russian export ban. Stock up, make sure you can grow some things, not kidding, it's going to happen.
3 people like this.

Reply 8 - Posted by: ussjimmycarter 3/16/2022 2:36:43 PM (No. 1101853)
Terrifying financial news for the US! All together kids…”Thanks Brandon”!
1 person likes this.

Reply 9 - Posted by: Anti_democRAT 3/16/2022 3:12:36 PM (No. 1101864)
Didnt fjb say americas back now in the international community. He pushed us back to colonial days
0 people like this.

Reply 10 - Posted by: RuckusTom 3/16/2022 4:07:03 PM (No. 1101900)
What happens to those dollars if they're no longer used as an exchange currency? They go home. If you think the flooding of the US market with dollars by our own government is / has been bad (the main cause of our current inflationary spike), wait until other countries start doing it with dollars they no longer need.
0 people like this.

Reply 11 - Posted by: Heraclitus 3/16/2022 4:26:27 PM (No. 1101916)
Thanks Brandon.
0 people like this.

Reply 12 - Posted by: Jesuslover54 3/16/2022 5:56:35 PM (No. 1101990)
It will be the last thing they ever do. The US WILL be back, and we DO have the most oil, and we WILL drill, and they will wither in the sand.
0 people like this.

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