Saudi Arabia moves off of petrodollar. Biden did this.

[Matt Dillon]

Okay, so as of today, Saudi Arabia is no longer using the petrodollar for exchange. That means that everyone in the US is instantly and irrevocably 10%+ poorer.

MSN

Hillary killed Khadaffi for less than this.

 

[Grokmaster]

Woohoo!!! Yay , Brandon!!

 

[Grokmaster]

Would have never even been considered if Trump were still POTUS.

 

[Matt Dillon]

Would have never even been considered if Trump were still POTUS.

It's very bad for Americans.

 

[Hawkeye10]

There have been a lot of false claims on this subject on X over the last two days.

 

[Matt Dillon]

There have been a lot of false claims on this subject on X over the last two days.

I doubt this is fake.

Hold onto your ass.

 

[Hawkeye10]

The dollar is however going down, and when it does America is a deeply impoverished nation.

And most of the world now hates us, many have no problem with our coming pain...they call that Justice.

 

[Hawkeye10]

I doubt this is fake.

Hold onto your ass.

U often have no idea what is going on.

 

[Poor Richard Saunders]

Okay, so as of today, Saudi Arabia is no longer using the petrodollar for exchange. That means that everyone in the US is instantly and irrevocably 10%+ poorer.

MSN

Hillary killed Khadaffi for less than this.

MSN

The 50-year-old petrodollar agreement between the U.S. and Saudi Arabia was just allowed to expire.
The petrodollar agreement, formalized after the 1973 oil crisis, stipulated that Saudi Arabia would price its oil exports exclusively in U.S. dollars and invest its surplus oil revenues in U.S. Treasury bonds. In return, the U.S. provided military support and protection to the kingdom.


Oh look, Matt is angry that the US isn't spending money overseas protecting other countries.
A 50 year old agreement expires and it is suddenly Biden's fault? Why didn't Trump sign a new 50 year agreement when he was President?

 

[Matt Dillon]

MSN

The 50-year-old petrodollar agreement between the U.S. and Saudi Arabia was just allowed to expire.
The petrodollar agreement, formalized after the 1973 oil crisis, stipulated that Saudi Arabia would price its oil exports exclusively in U.S. dollars and invest its surplus oil revenues in U.S. Treasury bonds. In return, the U.S. provided military support and protection to the kingdom.


Oh look, Matt is angry that the US isn't spending money overseas protecting other countries.
A 50 year old agreement expires and it is suddenly Biden's fault? Why didn't Trump sign a new 50 year agreement when he was President?

You're an absolute moron. How bad this is will be hitting you in the next few days.

The U.S. Is Facing A Major Challenge As Petrodollar Loses Force

markets.businessinsider.com

 

[Poor Richard Saunders]

The dollar is however going down, and when it does America is a deeply impoverished nation.

And most of the world now hates us, many have no problem with our coming pain...they call that Justice.

It's too bad that the market dropped 50% 3 months ago just like you predicted.
Now we get to see you predict the drop of the dollar.

 

[Matt Dillon]

It's too bad that the market dropped 50% 3 months ago just like you predicted.
Now we get to see you predict the drop of the dollar.

The dollar just lost value, fucktard.

10% or more, just like that.

 

[Poor Richard Saunders]

You're an absolute moron. How bad this is will be hitting you in the next few days.

The U.S. Is Facing A Major Challenge As Petrodollar Loses Force

markets.businessinsider.com

I hope you mortgaged your house today and put all the money into shorting the dollar. You are going to be rich, Mattie.

 

[Poor Richard Saunders]

The dollar just lost value, fucktard.

OMG.. the dollar went from 1.08 euros to 1.07 euros in the last month. That's like.. (gets out calculator) .. less than a 1% drop.

Maybe it's the drop against the Chinese yuan that will make us weak...
OMG.. the dollar went from .1384 to .1378 yuan. That's like... (gets out calculator) ... less than a 1% drop.

OMG.. the US markets were mostly up over 1% this week. It must be that weak dollar.

 

[Hawkeye10]

It's too bad that the market dropped 50% 3 months ago just like you predicted.
Now we get to see you predict the drop of the dollar.

I never predicted....I dont have the subject matter expertise in the derivatives market to make such a prediction....I was repeating what an expert said on the Duran.

And the collapse of the dollar is a sure thing....only the exact timing is not known.

 

[Matt Dillon]

OMG.. the dollar went from 1.08 euros to 1.07 euros in the last month. That's like.. (gets out calculator) .. less than a 1% drop.

Maybe it's the drop against the Chinese yuan that will make us weak...
OMG.. the dollar went from .1384 to .1378 yuan. That's like... (gets out calculator) ... less than a 1% drop.

OMG.. the US markets were mostly up over 1% this week. It must be that weak dollar.

10% or more is no joke, you blithering idiot.

 

[Poor Richard Saunders]

The dollar just lost value, fucktard.

10% or more, just like that.

I see why you are so upset, Matt. The dollar is down over 2% against the Russian rubel. Those dang Russians will now be buying up all the Apple Iphones.

 

[Poor Richard Saunders]

10% or more is no joke, you blithering idiot.

Math is hard for you, Matt?

.01/1.08 is not 10%

 

[Matt Dillon]

Math is hard for you, Matt?

.01/1.08 is not 10%

This will have massive repercussions.

I have no problem with math. Everyone in the US just became 10% or more poorer.

 

[Poor Richard Saunders]

This will have massive repercussions.

I have no problem with math. Everyone in the US just became 10% or more poorer.

ROFLMAO. Math is hard for you.
What percent of 108 is 1? (Hint - it isn't even close to 10%)

What percent of 1384 is 6? (Hint - it isn't even close to 10%)

By the way, the US is the largest producer of oil. That actually means that the exchange rate you are predicting would be good for US oil.