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A DOLLAR COLLAPSE IS NOW IN MOTION – SAUDI ARABIA SIGNALS THE END OF PETRO
STATUS

by Brandon Smith
January 26, 2023
in Curated, Videos



The decline of a currency’s world reserve status is often a long process rife
with denials. There are numerous economic “experts” out there that have been
dismissing any and all warnings of 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 defacto global trade mechanism is impossible in their minds.

One of the key pillars keeping the dollar in place as the world reserve is its
petro-status, and this factor is often held up as the reason why the Greenback
cannot fail. 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’s a
very circular and naive position.



These sentiments are not only pervasive among mainstream economists, they are
also all over the place within the alternative media. I suspect the main hang-up
for liberty movement analysts is the notion that the globalist establishment
would ever allow the dollar or the US 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
stepping stone towards their goal of a one-world economy and a one-world
currency. They have killed the world reserve status of other currencies in the
past, why wouldn’t they do the same to the dollar?

Globalist white papers and essays specifically outline the need for a diminished
role for the US currency as well as a decline in the American economy in order
to make way for Central Bank Digital Currencies (CBDCs) and a new global
currency system controlled by the IMF. I warned about this years go, and my
position has always been that the derailment of the dollar would likely start
with the end of its petro status.

In 2017 I published an article titled ‘Saudi Coup Signals War And The New World
Order Reset’. I noted at the time that the sudden power shift over to crown
prince Mohammed Bin Salman indicated a change in Saudi Arabia’s relationship to
the US. I stated that:



“To understand how drastic this coup has been, consider this — for decades Saudi
Kings maintained political balance by doling out vital power positions to
separate, carefully chosen successors. Positions such as Defense Minister, the
Interior Ministry and the head of the National Guard. Today, Mohammed Bin Salman
controls all three positions. Foreign policy, defense matters, oil and economic
decisions and social changes are now all in the hands of one man.”

The rise of MBS was backed by the Public Investment Fund (PIF), a fund comprised
of trillions of dollars supplied by globalists within Carlyle Group (Bush
family, etc.), Goldman Sachs, Blackstone and Blackrock. MBS garnered the favor
of the globalists for one specific reason – He openly supported their “Vision
For 2030”, a plan for the dismantling of “fossil fuel” based energy and the
implementation of carbon controls. Yes, that’s right, the head of Saudi Arabia
is backing the eventual end of oil based energy, and part of that includes the
end of the dollar as the petro currency.

In exchange for their cooperation, the Saudis are being given access to ESG-like
funding as well as access to AI advancements and the so-called “digital
economy.”  It sounds crazy, but there is much talk of AI developments to cure
numerous health problems and extend lifespan.  With those kinds of promises,
it’s not surprising that Saudi elites would be willing to dump the dollar and
even oil.

In 2017 I noted that:

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“I believe the next phase of the global economic reset will begin in part with
the breaking of petrodollar dominance. An important element of my analysis on
the strategic shift away from the petrodollar has been the symbiosis between the
U.S. and Saudi Arabia. Saudi Arabia has been the single most important key to
the dollar remaining as the petrocurrency from the very beginning.”

I believed that the threat to petro status would ultimately be spurred on by a
proxy war between East and West:

“World economic war is the real name of the game here, as the globalists play
puppeteers to East and West. It is a geopolitical crisis they will have created
to engineer public support for a solution they predetermined.”

Back then I thought that such a proxy war would be initiated in the Middle East,
possibly in Iran. However, it’s clear that Ukraine is the powderkeg the
globalists have chosen, at least for now, with Taiwan being the next shoe to
drop.



In the years since I made these predictions the relationship between Saudi
Arabia, Russia and China has grown very close. Arms deals and energy deals are
becoming a mainstay of trade and this has led to a quiet but steady distancing
of the Saudis from the dollar. This past week, the dominoes were set in motion
for dollar collapse when Saudi Arabia announced at Davos that they are now
willing to trade oil in alternative currencies.

In response, Xi Jinping pledged to ramp up efforts to promote the use of the
Chinese yuan in energy deals. This falls in line with another article I wrote in
2017 titled ‘The Economic End Game Continues,’ in which I described how conflict
with Eastern nations (China and Russia) would be exploited to create a catalyst
for the end of the dollar’s petro status.

The importance of the Saudi announcement cannot be overstated; this is the
beginning of the end of the dollar. The dollar’s world reserve status is largely
dependent on its petro-status. Without one, you cannot have the other. This is
almost the exact same dynamic that led to the implosion of the British Sterling
decades ago as the global petro currency which resulted in the rise of the
dollar to take its place.

This time, though, it will not be a single foreign currency that takes on the
role of world reserve, it will be a basket currency system controlled by the IMF
called Special Drawing Rights, along with a single global digital currency that
is yet to be named but is now under development.

> Before the food crisis hits, stock up on organic, freeze-dried chicken from
> Prepper Organics. Use Promo Code “JDR” at checkout for $50 off.

The consequences of the loss of reserve status will be devastating to the US
economy. It is the only glue holding our system together – The ability to defer
inflation by exporting it overseas is a superpower only the US enjoys. The Fed
can print money perpetually if it wants to in order to fund the government or
prop up US markets, as long as foreign central banks and corporate banks are
willing to absorb dollars as a tool for global trade. If the dollar is no longer
the primary international trade mechanism, the trillions upon trillions of
dollars the Fed has created from thin air over the years will all come flooding
back to the US through various avenues, and hyperinflation (or hyperstagflation)
will be the result.

This dynamic is already in play, as foreign holders of US debt and dollars have
been dumping them at record pace since 2017. The process continues at a time
when the Federal Reserve is cutting it’s balance sheet and raising interest
rates, which means there is no longer a buyer of last resort.

This may be why multiple foreign central banks have renewed their purchases of
gold reserves and are once again stockpiling precious metals. They seem to be
well aware of what is about to happen to the dollar, while the American public
is kept in the dark.

The effects of the decline of the dollar may not be immediately felt, or become
obvious for another year or two. What will happen is consistent inflation on top
of the high prices we are already dealing with. Meaning, the Federal Reserve
will continue to hold interest rates higher and prices will barely budge or they
may climb in spite of monetary tightening. Even in the face of a major
recessionary contraction, which I predict will be triggered starting in April,
prices will STILL remain higher.



All the while the mainstream media and government economists will say they have
“no idea” why inflation is so persistent, and that “nobody could have seen this
coming.” Some of us saw it coming, but only because we accept the reality that
the dollar’s days are numbered.

Article cross-posted from Alt-Market.

ALTERNATIVE VIDEO SOURCE:



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