Discover and read the best of Twitter Threads about #petrodollar
Most recents (18)
🧵 Saudi Arabia Just Changed The Game!
BRICS Expansion Coming 🇸🇦🥳
Saudi Arabia is moving to join the #BRICS bank. This is a big development that threatens to accelerate #Dedollarization, especially across the emerging markets.
BRICS Expansion Coming 🇸🇦🥳
Saudi Arabia is moving to join the #BRICS bank. This is a big development that threatens to accelerate #Dedollarization, especially across the emerging markets.
Coming just a few months before the BRICS summit, this could be a game changer that could see the Kingdom join the bloc as an official member. Here's what you must know!
Saudi Arabia in talks to join China-based ‘BRICS bank’
👉 Membership would strengthen Riyadh’s bonds with the BRICS countries at a time when Saudi Arabia, the world’s largest crude oil exporter, is also pursuing closer relations with China.
ft.com/content/45abe5…
👉 Membership would strengthen Riyadh’s bonds with the BRICS countries at a time when Saudi Arabia, the world’s largest crude oil exporter, is also pursuing closer relations with China.
ft.com/content/45abe5…
In five years, #JoeBiden will likely get the #NobelPeacePrize. But not because he did anything proactively for peace.
It is because a #Multipolar World will be more peaceful than a unipolar one, and Biden has done more than anyone else (albeit unwittingly) to further that. (1/n)
It is because a #Multipolar World will be more peaceful than a unipolar one, and Biden has done more than anyone else (albeit unwittingly) to further that. (1/n)
The US-led #sanctions against #Russia in response to the #UkraineRussiaWar have forced countries around the world to abandon the US dollar as a medium of trade. This is forcing the rest of the world (non-West) together. Banning Russia from #swift was most important in this. (2/n)
BRICS is getting stronger & stronger
#PetroDollar gets weaker & weaker
#PetroYuan gets stronger & stronger
Lots of countries showing interest to join the #BRICS+ alliance for trade
Western sanctions on Russia have zero negative effects, in fact they had positive effects pushing… twitter.com/i/web/status/1…
#PetroDollar gets weaker & weaker
#PetroYuan gets stronger & stronger
Lots of countries showing interest to join the #BRICS+ alliance for trade
Western sanctions on Russia have zero negative effects, in fact they had positive effects pushing… twitter.com/i/web/status/1…
Here’s a prev 🧵 on #BRICS strength
Recent events suggest changing geopolitical environment.
America has no permanent friends or enemies, only interests. — Kissinger
This kissiger statement is not applicable to america only which can be seen in recent events.
#SaudiArabia
#China
#fed
#USA #America
America has no permanent friends or enemies, only interests. — Kissinger
This kissiger statement is not applicable to america only which can be seen in recent events.
#SaudiArabia
#China
#fed
#USA #America
1) 🇸🇦 Saudi Arabia enters trade alliance with China, Russia, Pakistan, and four Central Asian nations to step further away from reliance on the US dollar.
2) Association of Southeast Asian Nations considers dropping the US dollar, euro, yen, and British pound for local #Dollar
2) Association of Southeast Asian Nations considers dropping the US dollar, euro, yen, and British pound for local #Dollar
Von der #NATO bewaffnete und unterstützte #ukrainischeFallschirmjäger singen das Lied "Unser Vater ist #Bandera".
Die NATO brütet eine #Naziorganisation aus.
Via @sorryabernein
Seit 2014 unterstützt der #Westen #Nazis in der #Ukraine und die #Gutmenschen schauen angestrengt weg!
Die NATO brütet eine #Naziorganisation aus.
Via @sorryabernein
Seit 2014 unterstützt der #Westen #Nazis in der #Ukraine und die #Gutmenschen schauen angestrengt weg!
🇺🇸Eric Brakey spricht die #Wahrheit über den #UkraineKrieg:
"In dieser Angelegenheit steht mehr auf dem Spiel als in jedem anderen Krieg. Anders als im Irak sind die #Atomwaffen keine Hirngespinste von Kriegsprofiteuren. Die Arsenale sind real. Eine weitere Eskalation …
1/4
"In dieser Angelegenheit steht mehr auf dem Spiel als in jedem anderen Krieg. Anders als im Irak sind die #Atomwaffen keine Hirngespinste von Kriegsprofiteuren. Die Arsenale sind real. Eine weitere Eskalation …
1/4
… ist ein Spiel mit dem nuklearen Feuer, das die #WeltInFlammen setzen könnte. Dieser #Krieg kann nichts Gutes bringen. #Friedensgespräche sollten stattfinden. #Amerika-s strategische Position in der Welt ist geschwächt, da #China und #Russland eine #Allianz gegen …
2/4
2/4
⭐️#BRICS countries overtake the #G7 in share of world GDP.
#Brazil, #Russia, #India, #China, #SouthAfrica (BRICS) now provide 31.5% of global #GDP, with further projected growth - while Canada, France, Germany, Italy, Japan, United Kingdom, and United States (G7) provide 30.7%.
#Brazil, #Russia, #India, #China, #SouthAfrica (BRICS) now provide 31.5% of global #GDP, with further projected growth - while Canada, France, Germany, Italy, Japan, United Kingdom, and United States (G7) provide 30.7%.
A look at #BRICS countries' GDP growth and GDP Growth rate clearly shows that the US hegemony of the world economy is on the brink of collapse by 2030, leading to the shift in power balance to the eastern part of the world.
Post-Russia Ukraine conflict, #BRICS countries showed remarkable resilience contrary to consumer inflation and energy inflation in Europe and the US including the G7 bloc.
@LoganSkrzypczak @glenn_payette @VeraVanHorne @WIONews @Twitter2 @elonmusk Here's some more on what you support with #US/#NATOExpanionism & the (#Kiev) #Ukraine preventing #Donbas & Crimea Secession after decades of discrimination & oppression & years of sniping shelling & bombing leading to 18 THOUSAND DEATHS of not just men but women children & aged😱
@LoganSkrzypczak @glenn_payette @VeraVanHorne @WIONews @Twitter2 @elonmusk Here's a mini-thread from someone else with a few relevant articles on #NATOExpansion and the #UkraineWar😱🤦♂️
twitter-thread.com/t/148559804863…
twitter-thread.com/t/148559804863…
@LoganSkrzypczak @glenn_payette @VeraVanHorne @WIONews @Twitter2 @elonmusk Here's an article of the recent history of #Crimea
Providing some background on the recent #UkraineWar & #NATOExpansionism
hitchensblog.mailonsunday.co.uk/2015/02/a-not-…
Providing some background on the recent #UkraineWar & #NATOExpansionism
hitchensblog.mailonsunday.co.uk/2015/02/a-not-…
Since #WWII, #USA has used #USdollar hegemony to transfer domestic crises, harvest world #wealth and undermine the economic and financial stability of other countries through armed conflicts, financial wars, and trade wars. To maintain US dollar is to maintain US world hegemony.
Since March 2022, #FederalReserve has raised interest rates 6X. On 2 Nov, its 75-point rate hike and sharp #USdollar appreciation caused global #currency depreciation, capital outflows, rising debt servicing costs, hiked imported inflation and currency/debt crises of countries.
Trust in #Dollar #UST as a reserve currency eroding rapidly, with yields on #US10Y #US2Y et al. exploding before our very eyes.
Every principle of global economic stability & equality and functions underlying the original #BrettonWoods agreement is more or less long gone.
/1
Every principle of global economic stability & equality and functions underlying the original #BrettonWoods agreement is more or less long gone.
/1
Due to the #petrodollar underpinning 85%+ of our global financial system, and because its abandonment would cause a hard reset (and the strength of #American industrial #militarycomplex), #DXY still reigns as #reservecurrency.
But the trust component is rapidly diminishing.
/2
But the trust component is rapidly diminishing.
/2
Obviously, I'm not predicting that we're going away from it as a reserve currency. Not deliberately, anyway.
But military might, a value derived from underlying commodities (RIP 1971), and trust (RIP 202X?) are historically the 3 musketeers keeping reserve currencies on top.
/3
But military might, a value derived from underlying commodities (RIP 1971), and trust (RIP 202X?) are historically the 3 musketeers keeping reserve currencies on top.
/3
Wer auch immer für die Sprengung der beiden #Nordstream-Pipelines verantwortlich ist, sie schaffen neue Fakten, die für Westeuropa und besonders Deutschland irreversibel und nachhaltig sind. Ein kurzer Ausflug in das #PetroDollar-System - Thread 🧵👇
2⃣ Für Deutschland ist die Chance und die Anreize für eine wie auch immer geartete Verständigung mit #Russland nun entfallen. Selbst wenn man wollte, kann man nun kein Gas aus Russland mehr bekommen. Eine Reparatur würde rund ein halbes Jahr in Anspruch nehmen.
EZB-Präsidentin Christine Lagarde hat diese Woche #Bitcoin und allen Kryptowährungen ihren Wert abgesprochen. Gegenfrage: Warum hat der #Euro eigentlich Wert? Eine kurze Geschichte des Geldes: Thread 🧵👇⚡️
cnbc.com/2022/05/23/ecb…
cnbc.com/2022/05/23/ecb…
2/ Die gängigste Theorie über den Ursprung von Geld: Es entstand, um den Tauschhandel zwischen Parteien zu erleichtern und Wert über Zeit zu transferieren.
Nick Szabo hat das in seinem Aufsatz „Shelling“ Out 2002 ausführlich beschrieben. nakamotoinstitute.org/shelling-out/
Nick Szabo hat das in seinem Aufsatz „Shelling“ Out 2002 ausführlich beschrieben. nakamotoinstitute.org/shelling-out/
3/ Lange Zeit dominierte #Gold als Zahlungsmittel. Daraus entwickelte sich der Goldstandard, in dem Banknoten den Goldbesitz repräsentierten.
The Russian #Ruble (RUB) is poised to become a dangerous global currency & here is a 🧵 explaining why.
#Thread
#Thread
The Central Bank of the #RussianFederation just profoundly altered the international trade & monetary system by linking the Russian ruble to both gold (XAU) & commodities.
By offering to buy XAU from Russian banks at a fixed price of 5000RUB/gram, the Central Bank of Russia has ties the ruble to XAU. And by extension, to the dollar (XAU is traded in U$D)
A lot has been made of the death of the #petrodollar system.
This has massive implications from #equities to #crypto. From the #US to #China.
I agree its time will come. But not anytime soon.
Stick with me for 8 tweets👇🧵
This has massive implications from #equities to #crypto. From the #US to #China.
I agree its time will come. But not anytime soon.
Stick with me for 8 tweets👇🧵
USD is EXTREMELY entrenched
USDs are 50%+ of int. loans and 60% of reserves (below).
That bottom green bar 2%? Thats the Yuan
USDs are 50%+ of int. loans and 60% of reserves (below).
That bottom green bar 2%? Thats the Yuan
But oil is priced in $ that's why countries hold it in their reserves? Can't they just switch to the Yuan?
Sure to support the world PetroYuan system China would have to:
-Run trade deficits
-Allow foreigners property rights
-Eliminate the soft peg to the $
-Un due cap controls
Sure to support the world PetroYuan system China would have to:
-Run trade deficits
-Allow foreigners property rights
-Eliminate the soft peg to the $
-Un due cap controls
#RussiaUkraine #Chechens
Footage of Chechens during street fighting in #Mariupol
The launchers they're firing seem to be disposable RPO-A with thermobaric rounds
Footage of Chechens during street fighting in #Mariupol
The launchers they're firing seem to be disposable RPO-A with thermobaric rounds
1/n
Putin didn’t just invade the Ukraine on 2/24/2022, he officially ended the #petrodollar system. How? Remember, Russians don’t do anything without a plan. They and China have been prepping for this moment for years and are now ready:
Putin didn’t just invade the Ukraine on 2/24/2022, he officially ended the #petrodollar system. How? Remember, Russians don’t do anything without a plan. They and China have been prepping for this moment for years and are now ready:
2/n
-Russia has stated NATO expansion into Ukraine was a red line.
-They knew their invasion of Ukraine would be inevitable and would have strategized that the US/West’s response would be SWIFT $ system exclusions/sanctions, sanctions which started today.
-Russia has stated NATO expansion into Ukraine was a red line.
-They knew their invasion of Ukraine would be inevitable and would have strategized that the US/West’s response would be SWIFT $ system exclusions/sanctions, sanctions which started today.
3/n
-Reasonable to expect that Russia’s next step will be to shut off oil/gas pipelines to Europe, as Russia has built up huge Yuan, gold & commodity reserves.
-This will cause massive price and supply disruptions (war level) to the western markets & monetary system.
-Reasonable to expect that Russia’s next step will be to shut off oil/gas pipelines to Europe, as Russia has built up huge Yuan, gold & commodity reserves.
-This will cause massive price and supply disruptions (war level) to the western markets & monetary system.
Smart guy this @scottadamssays
Seems to be figuring out unaided why larges parts of the Middle East had to be flattened and millions murdered 2003 ~ 2019
1.
Seems to be figuring out unaided why larges parts of the Middle East had to be flattened and millions murdered 2003 ~ 2019
1.
@ScottAdamsSays He says:
“Could we get to the point where our military presence is self-funding? Because we own the oil that fuels our military presence? If we did it would be one [chuckles] the coolest things ever!”
SA refers to these comments by @realDonaldTrump
2.
“Could we get to the point where our military presence is self-funding? Because we own the oil that fuels our military presence? If we did it would be one [chuckles] the coolest things ever!”
SA refers to these comments by @realDonaldTrump
2.
@ScottAdamsSays @realDonaldTrump @ScottAdamsSays has answered maybe the most important question on the planet these days;
The US is ~5% of world population, but uses about ~18% of annual oil production and yearly does about ~50% of world military spending
siteresources.worldbank.org/DATASTATISTICS…
3.
The US is ~5% of world population, but uses about ~18% of annual oil production and yearly does about ~50% of world military spending
siteresources.worldbank.org/DATASTATISTICS…
3.
01. I usually avoid mainstream politics, but enjoy @ScottAdamsSays’s periscope videos. Yesterday he asked some interesting questions about socialism and capitalism and UBI, and the size of the US military.
Here’s a few things it could be useful for Scott Adams know:
Here’s a few things it could be useful for Scott Adams know:
02. Instead of =socialists= v =capitalists= it might be more useful to view the key
social/economic conflict being between between =producers= and =consumers=.
English-speaking nations are now the world’s biggest consumers.
social/economic conflict being between between =producers= and =consumers=.
English-speaking nations are now the world’s biggest consumers.
03. One very striking fact is 3 nations selected as examples of Capitalism (USA) and socialism (CAN, UK) are the three nations with largest Current Account Defcits.
Failed Coup in #Venezuela, #US involved?
Jan 22, 2019
U.S. VP #MikePence released a video message in support of the Venezuelan protesters & underline US backing for unelected right-wing opposition leader #JuanGuaido.
Jan 22, 2019
U.S. VP #MikePence released a video message in support of the Venezuelan protesters & underline US backing for unelected right-wing opposition leader #JuanGuaido.
Violence in #Venezuela intensifies as #US backs non-elected leader
Jan 22, 2019
Venezuela's Security Forces have detained 27 members of the National Guard caught stealing arms, accusing them of trying to stage a violent #uprising against the #Maduro's govt.
#RegimeChange #BigOil
Jan 22, 2019
Venezuela's Security Forces have detained 27 members of the National Guard caught stealing arms, accusing them of trying to stage a violent #uprising against the #Maduro's govt.
#RegimeChange #BigOil
DEVELOPING STORY👇Turmoil in #Venezuela:
"Unrest is direct result of #US meddling" ~ Radio host Comissiong
Jan 23, 2019
Two people reportedly killed in on-going #protests in Venezuela against President #Maduro.
#RegimeChange #BigOil #USMeddling #Democracy
"Unrest is direct result of #US meddling" ~ Radio host Comissiong
Jan 23, 2019
Two people reportedly killed in on-going #protests in Venezuela against President #Maduro.
#RegimeChange #BigOil #USMeddling #Democracy
