Fletch wrote:The CIA probably played a part in it. Khashoggi knew too much about the inner workings and corruption, like so many before him, and after no doubt, dead men tell no tales.
Rolluplostinspace wrote:I'm beginning to suspect that America may well be starting the process of ditching the Saudis.
Rolluplostinspace wrote:I'm beginning to suspect that America may well be starting the process of ditching the Saudis.
Fletch wrote:Rolluplostinspace wrote:I'm beginning to suspect that America may well be starting the process of ditching the Saudis.
I suspect it's pressure on Saudi to continue selling oil in dollars and not to get too close to Russia or China. They purchased S400 by all accounts which upset the US and have had talks about trading oil with them and others in local currency or the gold backed petro Yuan.
Rolluplostinspace wrote:And the petrodollar.
When Nixon ditched the gold standard he was reneging on a promise to the whole world that the dollar would be backed by gold.
It sent shock waves around the globe that the dollar would now be backed by nothing at all.
Just a piece of paper.
That's when the petrodollar was born using oil ..... someone else's oil.
Well for a while America have their own oil and enough military in all the right places to ensure they have power over other peoples oil too.
No one can get an honest estimate of how much Saudi oil there actually is but many estimate only around ten to twenty years before it starts to taper off while oil is being found in many other places now.
Saudi Arabia's usefulness may be coming to an end.
The royals who own all the oil and the wealth number in their thousands.
I think we might well see a cull of those while the escape plans are readied to head to Texas Paris London etc and leave the people to fight and starve.
This might be the beginning of that scenario.
Everyone knew it couldn't last forever.
wutang wrote:Just wanna point out that America doesn't get its oil from the Saudis.
The Saudi's power comes from being able to control the price by either flooding the market or restricting supply.
Fletch wrote:Rolluplostinspace wrote:I'm beginning to suspect that America may well be starting the process of ditching the Saudis.
I suspect it's pressure on Saudi to continue selling oil in dollars and not to get too close to Russia or China. They purchased S400 by all accounts which upset the US and have had talks about trading oil with them and others in local currency or the gold backed petro Yuan.
wutang wrote:Fletch wrote:Rolluplostinspace wrote:I'm beginning to suspect that America may well be starting the process of ditching the Saudis.
I suspect it's pressure on Saudi to continue selling oil in dollars and not to get too close to Russia or China. They purchased S400 by all accounts which upset the US and have had talks about trading oil with them and others in local currency or the gold backed petro Yuan.
The Dollar represents 87% (1st) of traded foreign currency (2016). The Yuan is a mere 4% (7th) . The Ruble is 1.1% (17th).
To put in contrast both the Candanian and Aussie Dollars are more traded that the Yuan and the Mexican Peso is traded twice as much as the Ruble.
Of the top 10 currency traders 5 are American and 3 are British, the others being German and Swiss.
https://en.wikipedia.org/wiki/Foreign_exchange_market
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