How China Will Take Full Control Of The USD & The US Economy.

[Luigi1]

Here's an article of Dinarian interests...

USD dominance & global oil control comes to an end.

Treat as a rumor.  Not verified.  Your opine.

 

 

From Other Sources:                         BRICS Control 47% of Global Oil, U.S. Owns Just 2.1%.

ARTICLE:  Saudi Arabia officially joined the BRICS alliance on Wednesday becoming the first large oil-producing country to enter the bloc.  BRICS initiated a power move with Saudi Arabia’s inclusion as they now control nearly half of the world’s oil output.  The development puts the US prospects in peril as America only holds a fraction of oil compared to BRICS.  The stakes are high and if BRICS start accepting local currencies for oil payments, the US Dollar will plummet.

 

Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for oil trade. The ball is now in the BRICS’ court and their next decisions could make or break the prospects of the USD.

 

Also Read: BRICS: China Pushes Yuan in Africa, Reduces US Dollar Debt Repayment

Saudi Arabia17%

Russia12%

Iran9.5%

UAE5.9%

China1.5%

Brazil1%

India0.3%

Total47%

Saudi Arabia recently confirmed that the Kingdom is ready to accept local currencies if other developing countries wish to pay. However, oil settlements in local currencies are not yet initiated and the US dollar is used for payments. Nonetheless, the risk of sidelining the US dollar for oil payments remains high as BRICS kickstarted the de-dollarization process.

 

 

NOTE:  Venezuela & Iraq are set to join BRICS by mid-year.   BRICS will then control 85% of all global oil reserves. 

LUIGI's opine...

China will be positioned to set global oil prices & take full control the USD & the entire US economy. 

China Joe has allowed this by completely devastating the coal, natural gas & oil complex.

Trump, as president, can reverse this trend by reviving the US coal, natural gas & oil industries & save us from China's control over our destiny.

China Joe has got to go.  He is the Traitor In Chief.   He has set America up to fail.  IMHO.

[T B]

HANG HIM HIGH TRUMP!😂

[Laid Back]

Let’s Go Brandon 🇺🇸

 

Go 2024

 

[Luigi1]

59 minutes ago, T B said:

HANG HIM HIGH TRUMP!😂

 

This all started under Obama & the Democrats.

Obama ''America is not exceptional, no better than any other nation".

"I will fundamentally change America"

"I will ignore Congress & go it alone"

The plan all along, to reduce America to a 'Banana Republic'.

The Republic is so far gone, so destroyed, it may take decades to undo the damage under Obama & OBiden.

We may have even passed the point of no return. 

It will take some miracles & Trump to reverse the damage. 

Otherwise, we dance & sing to China's tune.   IMHO.

[Luigi1]

Here's another article related to the above...OPEC to cut oil production over concerns about climate change.   These greedy OPEC nations are more worried about profits & could give a rat's ass about the environment...it's the excuse to cause global oil to shortages & jack up prices...

 

 

From Other Sources:                      Saudi Arabia's head-scratching oil production move.

ARTICLE:  There's no real consensus about why Saudi Arabia ditched plans to raise its max oil pumping capacity — a decision the kingdom has not explained.

Why it matters: State oil giant Aramco's announcement comes amid uncertainty about long-term demand growth & as nations double down on fighting climate change.

[Luigi1]

Here's another article of Dinarian interests...Iraq may have 2nd thoughts about abandoning the USD...

 

 

From Other Sources:                     Escalation Is Not In Iraq's Best Interest.   Parliament Indicates The Danger Of Moving Away From The Dollar By Selling Oil.

ARTICLE: The Parliamentary Oil & Energy Committee pointed out the danger of moving away from the Dollar in selling Iraqi oil, while stressing that escalation is not in the country’s best interest.

 

A member of the Parliamentary Oil Committee, Dhargham Al-Maliki, acknowledges today that moving away from the Dollar in selling oil will create an escalation that is not in the interest of Iraq.

 

Al-Maliki said in an interview with “Baghdad Today” that “Iraq’s resort to selling oil at other currencies’ prices may be part of the tools for an economic solution to the current situation, but it is not at the level that some imagine, especially since there are many complications, the most prominent of which is the pricing of selling oil in OPEC & the rest of the international organizations.” The other on the Dollar.

 

He added, "The Dollar crisis in Iraq has a political aspect & is not a purely economic matter & its solution begins with fulfilling government promises regarding addressing many of the problems with the American side in order to accelerate the payment of financial dues coming from the treasury for the sale of crude oil."