Saudi Arabia moves off of petrodollar. Biden did this.
- Thread starter Matt Dillon
- Start date
Woohoo!!! Yay , Brandon!!
Would have never even been considered if Trump were still POTUS.
Matt Dillon
Semolina comes from wheat
It's very bad for Americans.
Matt Dillon
Semolina comes from wheat
U often have no idea what is going on.
The 50-year-old petrodollar agreement between the U.S. and Saudi Arabia was just allowed to expire.
The petrodollar agreement, formalized after the 1973 oil crisis, stipulated that Saudi Arabia would price its oil exports exclusively in U.S. dollars and invest its surplus oil revenues in U.S. Treasury bonds. In return, the U.S. provided military support and protection to the kingdom.
Oh look, Matt is angry that the US isn't spending money overseas protecting other countries.
A 50 year old agreement expires and it is suddenly Biden's fault? Why didn't Trump sign a new 50 year agreement when he was President?
Matt Dillon
Semolina comes from wheat
You're an absolute moron. How bad this is will be hitting you in the next few days.
The U.S. Is Facing A Major Challenge As Petrodollar Loses Force
On January 17, the Saudi minister of finance, Mohammed Al-Jadaan, announced that the Saudi state is open to selling oil in currencies other...
markets.businessinsider.com
It's too bad that the market dropped 50% 3 months ago just like you predicted.
Now we get to see you predict the drop of the dollar.
Matt Dillon
Semolina comes from wheat
The dollar just lost value, fucktard.It's too bad that the market dropped 50% 3 months ago just like you predicted.
Now we get to see you predict the drop of the dollar.
10% or more, just like that.
I hope you mortgaged your house today and put all the money into shorting the dollar. You are going to be rich, Mattie.You're an absolute moron. How bad this is will be hitting you in the next few days.
The U.S. Is Facing A Major Challenge As Petrodollar Loses Force
On January 17, the Saudi minister of finance, Mohammed Al-Jadaan, announced that the Saudi state is open to selling oil in currencies other...
OMG.. the dollar went from 1.08 euros to 1.07 euros in the last month. That's like.. (gets out calculator) .. less than a 1% drop.
Maybe it's the drop against the Chinese yuan that will make us weak...
OMG.. the dollar went from .1384 to .1378 yuan. That's like... (gets out calculator) ... less than a 1% drop.
OMG.. the US markets were mostly up over 1% this week. It must be that weak dollar.
I never predicted....I dont have the subject matter expertise in the derivatives market to make such a prediction....I was repeating what an expert said on the Duran.It's too bad that the market dropped 50% 3 months ago just like you predicted.
Now we get to see you predict the drop of the dollar.
And the collapse of the dollar is a sure thing....only the exact timing is not known.
Matt Dillon
Semolina comes from wheat
10% or more is no joke, you blithering idiot.
I see why you are so upset, Matt. The dollar is down over 2% against the Russian rubel. Those dang Russians will now be buying up all the Apple Iphones.The dollar just lost value, fucktard.
10% or more, just like that.
Matt Dillon
Semolina comes from wheat
This will have massive repercussions.
I have no problem with math. Everyone in the US just became 10% or more poorer.
ROFLMAO. Math is hard for you.
What percent of 108 is 1? (Hint - it isn't even close to 10%)
What percent of 1384 is 6? (Hint - it isn't even close to 10%)
By the way, the US is the largest producer of oil. That actually means that the exchange rate you are predicting would be good for US oil.