Article

2024-06-11 Arabia

Saudi Arabia Just Ditched The U.S. Dollar

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Posted by Anon1 2024-06-11 07:03|| || Front Page|| [11132 views ] Top
File under: Govt of Saudi Arabia

#1 Oops sorry TW accidentally fingerslip to submit before selecting non-wot

This a big story, surprisingly little mainstream news on it
75-year reign of US dollar just ended with Saudi decision

Posted by Anon1 2024-06-11 07:05|| 2024-06-11 07:05|| Front Page Top

#2 "The boot you lick is the boot that kicks."
~ Author Unk

Posted by Besoeker 2024-06-11 07:47|| 2024-06-11 07:47|| Front Page Top

#3 Fixed, Anon1.

Honestly, the Biden administration worked hard to earn this result. We’ll just have to see whether day-to-day choices match the new official position, and what the Saudis decide to do after the next president is sworn in.

Posted by trailing wife 2024-06-11 08:14|| 2024-06-11 08:14|| Front Page Top

#4 I seem to remember reading this event was coming, and the results were many and nasty. Just vaguely.

Posted by Bobby 2024-06-11 08:20|| 2024-06-11 08:20|| Front Page Top

#5 Well, if we took care of our own energy needs domestically and were freed from trying to buy "stability" in the ay-rab world, it would be win-win.

Posted by M. Murcek 2024-06-11 08:21|| 2024-06-11 08:21|| Front Page Top

#6 What this means is that BRICSIA is increasing the economic pressure on the United States, by further reducing its ability to find buyers for its debt and thereby shift the effects of its debt-generated inflation to the rest of the world. Business Insider describes what it anticipates will result:

Vox Popoli

Posted by Bobby 2024-06-11 08:27|| 2024-06-11 08:27|| Front Page Top

#7 Saudis, my dudes, you know that normalization of relations with Israel which you were doing before we took office, don't suppose you could do us a solid and at least pretend to do that again?

Actually, we were just about to call you...

Posted by swksvolFF 2024-06-11 11:33|| 2024-06-11 11:33|| Front Page Top

#8 Germany becoming ‘a developing country’ – stock exchange boss

Posted by Grom the Reflective 2024-06-11 11:33|| 2024-06-11 11:33|| Front Page Top

#9 ^ I thought "Mutti's pets" were supposed supercharge the Cherman economy.

Posted by M. Murcek 2024-06-11 11:35|| 2024-06-11 11:35|| Front Page Top

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