Independent thinking for complex markets and current events
IRAN JUST OFFERED EUROPE A HORMUZ DEAL. YOU HAVE NO IDEA WHAT THEY JUST TRIGGERED. 🚨 On the surface: Iran offered the EU transit access through the Strait of Hormuz. Sounds like a small diplomatic move. Standard geopolitics. It is not. This is a goddamn financial nuclear bomb. Let that sink in. 💀 The Hormuz …
Something extremely dangerous may be forming in global markets, and most investors have not processed it yet because it happened while markets were closed. The escalation began when U.S. strikes reportedly targeted Kharg Island, the facility responsible for roughly 90 percent of Iran’s oil exports. At the same time, shipping activity through the Strait of …
by Michael This month, rumors about the petrodollar have spread like wildfire all over the Internet. Some of what is being said is true, and some of what is being said is false. When other sources were reporting on “the death of the petrodollar”, I was asked why I was not writing about it. Well, …
𝗦𝗮𝘂𝗱𝗶 𝗔𝗿𝗮𝗯𝗶𝗮 𝗗𝗶𝘁𝗰𝗵𝗲𝘀 𝗨𝗦 𝗗𝗼𝗹𝗹𝗮𝗿 Saudi Arabia will not be renewing the 50-year petrodollar agreement with the United States. Instead, they will be selling oil in multiple currencies, including the Chinese RMB, Euros, Yen, and Yuan. This should be… pic.twitter.com/SRRgKHyC3f — Shadow of Ezra (@ShadowofEzra) June 12, 2024 “Saudi Arabia will not be renewing the …
Correction: There was no 50 year petro dollar agreement, there was a 5 year agreement that auto renews every time it expires h/t keiyatom
Only 2 weeks – Jan 1st, 2024 until oil producing countries formally drop the USD. https://www.youtube.com/watch?v=hoToNRHBs5k
by Chris Black It would be difficult to overstate the importance of this. The world is changing so rapidly, it feels like no one is really capable of grasping it. Before the US launched this war against Russia, no one would have imagined that BRICS would be a serious competitor to the American system. Brics …
by BoatSurfer600 Amazing to see the left with their heads in the sand on this one. They have absolutely no clue how f*cked they are. “This is fine” Kenya has joined the long and growing list of former staunch American geopolitical allies to ditch the dollar in favor of using local currencies, gold or other …
Guest Post by Nick Giamburno at International Man: It’s been rightly said that “he who holds the gold makes the rules.” After World War 2, the US had the largest gold reserves in the world, by far. Along with winning the war, this let the US reconstruct the global monetary system around the dollar. …
