Old_Geezer

Retired, living in YYZ — BLM | Indigenous Rights | AntiGlobalist

  • 202 Posts
  • 201 Comments
Joined 3 years ago
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Cake day: October 6th, 2021

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  • How long do you think that will last with the US dollar no longer the reserve currency of the world? lol Saudia Arabia announced that they will no longer be using the USD as the petrodollar.

    Saudi Arabia has recently decided not to renew its petrodollar deal with the US, which has significant implications for the global financial landscape. The petrodollar system, established in 1972, has been the cornerstone of global finance, with the US dollar serving as the dominant currency for international trade and oil transactions. The deal’s expiration on June 9, 2024, marks a watershed moment, allowing Saudi Arabia to sell oil and other goods in various currencies, including the Chinese RMB, Euros, Yen, and Yuan, rather than solely in US dollars.

    This development is expected to benefit Bitcoin, as the US inflation rates could rise unprecedentedly, eroding the value of fiat currencies like the US dollar, prompting investors to explore alternative assets. The shift away from the petrodollar could also result in more US dollar creation to compensate for the loss of its global oil trade monopoly, potentially leading to inflation.

    Saudi Arabia’s decision is part of a broader trend of countries shifting away from using the US currency in international commerce and oil transactions. The country’s participation in Project mBridge, a China-led central bank digital currency (CBDC) project, is another significant development, as it aims to simplify cross-border transactions with CBDCs and is compatible with the Ethereum Virtual Machine, implying wider integration of digital currencies into mainstream finance.

    The implications of this shift are far-reaching, with potential consequences for global financial stability, trade, and the value of the US dollar. As countries like Saudi Arabia look for alternatives to the US dollar, including digital currencies like Bitcoin, the ramifications for crypto markets are significant. The end of the US-Saudi petrodollar deal marks a significant departure from the petrodollar system established in 1972, when the United States decoupled its currency from gold, and is expected to accelerate the global transition away from the US dollar.




  • Yup, I’m blocking you. Doxing is against the rules. And since I’m a senior it’s Mr. to you. I didn’t give you permission to use my name. All anyone does from the .world domain is troll, don’t read the content, actually they have no desire to read the content. Yes, I’m a Russophile, I’m old enough to know that our government has changed, becoming more authoritarian and Russia has become quite Democratic, much more so than us. We’re not in a democracy anymore. Russia is now the 4th largest economy in the world. That’s an objective fact, regardless if you dislike it or not. Now, if you want to keep playing, I know people that will be able to dox you. You’ve been warned.I’m not the type that will run to an admin to complain.


  • Again, my name is not Steven. Your comments had nothing to do with the post you were responding too. You show a neglect in answering objectively to the content. Since I was in the military for many years, I know NBCW material as we trained for that type of warfare. There was no way in hell that Skirpal was poisoned with a nerve agent. It only takes a miniscule drop of nerve agent to kill a person. So it couldn’t have been smeared on his doorknob. It would have killed anyone afterwards as well. Anyway, that isn’t what my post was about, so please stick to the subject going forward, or I’ll be forced to ban you because of trolling. Understood? Good faith in commenting goes a long way. If you don’t understand the subject matter, please don’t even bother commenting.








  • So you’re not going to read the substance? Both media sources do journalism. This just shows me that you have a closed mind. Are you #NAFO? You’re giving those vibs.

    If you’re not going to admit that the preponderance of evidence shows that they are indeed part of an influence operation by NATO, then you’re being unnecessarily obstinate, and I’m done with you and consider this discussion closed. I’ve known about Elliott Higgins since the time he called himself ‘Brown Moses’. He’s as fake as a 3$ bill.

    By the way, my name is not Steven …