US dollar just STARTED to collapse. How will this impact you? https://www.youtube.com/watch?v=dZWnbl3o2zA 18-6-2024 Akshat Shrivastav on Impact of US dollar Collase on Indian Stock Market, https://youtu.be/dZWnbl3o2zA?t=219 2. Will the US dollar Collapse, 3 Changes likely to happen..
Nothing new here. Just someone trying to align the general decline of the US with their stock market theory to get viewership
Exploring the Options: Arab Oil Exporters and the US Dollar https://arabcenterdc.org/resource/exploring-the-options-arab-oil-exporters-and-the-us-dollar/
Jun 21, 2024 These so-called “petrodollars” help finance American debt and consumption. They also help maintain the dollar’s value against rival currencies despite US economic behavior that might otherwise weaken it. More importantly, the petrodollar encourages oil exporters to be physically invested in American assets and retain a stake in the wellbeing of the US economy which, if it fails, can take down many players with it.
The petrodollar trade dates back to the 1971 demise of fixed exchange rates using the gold standard. The loss of that standard was costly for oil exporters who saw export rents dropping alongside the dollar’s value. This decline was recently described as one of the precipitating causes of the 1973 Arab oil embargo that quadrupled the price of oil...The so-called “recycling” of petrodollars was facilitated through the US-Saudi Arabian Joint Commission on Economic Cooperation.
Has a 50-Year-Old Saudi Arabia-USA 'PetroDollar' Deal Ended? Here's What We Know https://www.thequint.com/news/webqoof/petrol-dollar-deal-ended-between-saudi-arabia-usa-explainer-fact-check#read-more all is not right in this post. Multiple questions arise, such as whether such a deal existed, what the deal was, and so on..1. .The Quint spoke to Dr Md Muddassir Quamar, Associate Professor at Jawaharlal Nehru University (JNU), who clarified that the deal was one of economic and military cooperation only, but did not compel the Saudis to trade oil only in US dollars.
Comment: You become rich by taking in a lot of debt. (eg Adani). So who is going to be able to take in debt in the arena of world trade if US collapses? Similar is the case for the National Level Economy. The Infian State was able to take in a lot of debt upto now, as it held all the major infrastructure, and Services. This is weakening, as a lot of the revenue earners, like Land, Ports, Infrastructure, Railways, Road Transport etc is getting privatised. Will we be trading now in Adupees?
Is this the reason why govt. has been holding back on spending, not filling up vacancies, withholding "bonded" staff salaries, pensions, fasttags, meter deposits or creating a pool of inoperative bank accounts though impossible rules of repeated KYC etc?
Comment by SSt:
Has a 50-Year-Old Saudi Arabia-USA 'PetroDollar' Deal Ended? Here's What We Know
The deal did not exclusively bind Saudi Arabia to deal in USD.
KHUSHI MEHROTRA
Published: 21 Jun 2024