Bill’s Commentary:
”Is this because we have “so much money”?”
Next level Fookery
— armygirl (@armygir36701799) June 11, 2024pic.twitter.com/n5t5Z0XPaJ
Bill’s Commentary:
”This is now official, the Petrodollar is dead! One must wonder how it will work out for Treasury as they have something like $10 trillion that matures this year. Again, do you remember the movie Rollover?”
Saudi Arabia’s petro-dollar exit: A global finance paradigm shift
The financial world is bracing for a significant upheaval following Saudi Arabia’s decision not to renew its 50-year petro-dollar deal with the United States, which expired on Sunday, 9 June, 2024.
The lapsed security agreement – signed by the United States and Saudi Arabia on 8 June 1974 – establishes two joint commissions, one on economic co-operation and the other on Saudi Arabia’s military needs, and was said to have heralded an era of increasingly close co-operation between the two countries.
American officials at the time expressed optimism that the deal would motivate Saudi Arabia to ramp up its oil production. They also envisioned it as a blueprint for fostering economic collaboration between Washington and other Arab countries.
BillHolter.com 
Thank you pamelamoves@gmail.com
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