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A Dollar Collapse Is Now In Motion: Saudi Arabia Signals End of Petro Status

A Dollar Collapse Is Now In Motion: Saudi Arabia Signals End of Petro Status

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Declining a currency’s world reserve status is often a long process filled with denials. There are numerous economic “experts” out there who have dismissed all warnings of a dollar collapse for years. They just don’t get it, or they don’t want to get it. The idea that the US currency could ever be dethroned as the de facto global trading mechanism is impossible in his mind.

One of the key pillars of keeping the dollar in its place as the world’s reserve is its petro status, and this factor is often considered to make the dollar unfailing. The other argument is that the dollar is backed by the full force of the US military, and the US military is backed by the US Treasury and the Federal Reserve. In other words, the dollar is backed by… the dollar; it is a very circular and naive position.

Such sentiments are not only widespread among mainstream economists, but are also everywhere within the alternative media. I suspect that the main problem for analysts of the freedom movement is the idea that the globalist establishment would never allow the dollar or the American economy to fail. Isn’t the dollar system their “golden goose”?

The answer is no, it is NOT their golden goose. The dollar is just another step towards their goal of a world economy and a single currency. They have killed the world reserve status of other currencies in the past, why wouldn’t they do the same for the dollar?

Globalist white papers and essays specifically describe the need for a reduced role for US currency, as well as a decline in the US economy to make way for central bank digital currencies (CBDCs) and a new global monetary system controlled by the IMF. I warned about this year, and my position has always been that the dollar’s derailment would likely begin with the end of its status as a petro.

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