The problem is that since the Saudis have oil and wealth they essentially have America by the balls. The American's central bank relies on the Saudis trading oil in USD, to increase the demand for...
The problem is that since the Saudis have oil and wealth they essentially have America by the balls.
The American's central bank relies on the Saudis trading oil in USD, to increase the demand for the currency. If the Americans piss off the Saudis, then they'll just switch to the Chinese Yuan. That would be the first stepping stone in enabling China to having a global currency.
This event would result in rampant devaluation of the USD, and send Americans to the soup kitchen. Including other results of Saudis pulling investments.
I'm no history buff, but I pretty sure the reason why the USD is a global currency is because of it's use in trading for oil. So if the USD loses the oil trade, it will probably lose the global trade.
Exactly. I suspect that with Trump pulling troops back from the Middle East, this fits a plan of allowing the Arab countries to handle their own security.
Exactly. I suspect that with Trump pulling troops back from the Middle East, this fits a plan of allowing the Arab countries to handle their own security.
The problem is that since the Saudis have oil and wealth they essentially have America by the balls.
The American's central bank relies on the Saudis trading oil in USD, to increase the demand for the currency. If the Americans piss off the Saudis, then they'll just switch to the Chinese Yuan. That would be the first stepping stone in enabling China to having a global currency.
This event would result in rampant devaluation of the USD, and send Americans to the soup kitchen. Including other results of Saudis pulling investments.
I'm no history buff, but I pretty sure the reason why the USD is a global currency is because of it's use in trading for oil. So if the USD loses the oil trade, it will probably lose the global trade.
Exactly. I suspect that with Trump pulling troops back from the Middle East, this fits a plan of allowing the Arab countries to handle their own security.