The Petrodollar refers to the fact that oil is sold around the planet mainly with Dollars, this has made the Dollar the reserve currency for a lot of the planet in simple terms and keeps the demand for the Dollar very high, which is why even though we are 30+ TRILLION in debt, countries keep loaning us money every time our politicians put out their hands.
Now that Biden has admitted that the sanctions against Russia are doing NOTHING but causing FOOD SHORTAGES which is just another way of saying FAMINE, maybe we can now have a conversation and think about what things are going to look like soon here in the West.
Russia exports energy, food, and other necessary commodities (remember info on Russia isn’t always good so, grain of salt. also it’s Wikipedia yes but it gives you a basic idea).
But we just told them they can't use Dollars or Euros anymore (Sanctions). What does Russia need with Dollars anymore if we won't let Russians buy anything sold with Dollars? Why would the world need the Petrodollar if Russia is only selling oil for Rubles (Russian currency)?
Now think about the effect on our economy when the Dollar is no longer in constant demand.
With no demand, we will have out-of-control inflation (the value of the dollar decreases, i.e. the Dollar Store becomes the $1.25 Store, except multiplied) how high will inflation go? Well, that depends on our incompetent leaders and what new sanctions they drop on Russia and China, and their willingness to admit they screwed up and negotiate or continue pitching a fit like a teenager believing that what they want is more important than everything.
But Biden acts like he is stuck in the 90s, so who knows when this ends. Imagine the coins in your pocket being worth more for the metals they are made of than as a currency. Yep, it can get that bad.
Second, we learned very well during Covid-19 that the US doesn't really produce a lot anymore, the globalist sent that overseas for cheap (slave) labor. So if we can't buy from Russia and now China because Biden has started sanctioning and threatening China, then where are we going to get our goods? Food, phones, fertilizer, cars, metals, solar panels, medications are most of what we need to continue our lifestyles but more importantly, to survive.
Fun Fact you don't threaten Chinese people, they don't like it and it gets their backs up. But Biden is doing just that, threatening China if they don’t speak out against Russia who they have an alliance with, India as well btw. Putin is being nice and not shutting off the gas on the contracts already out there, but you piss off the Chinese and they will retaliate. And for those who think they won't because they need to sell their products to the West, let's think this through.
Russia is resource-rich but doesn't produce a lot of products, China produces tons of products but is resource-poor. Russia and China have clearly stated they are tightly allied. So why would they not just trade with each other? Or only trade with all those other countries that didn't join us on this suicidal venture. Notice what countries have agreed to sanction Russia and which ones aren't. Yep basically everyone but the US, Japan, and Europe isn't. That's a bunch of customers their folks. https://en.wikipedia.org/wiki/International_sanctions_during_the_Russo-Ukrainian_War
Stopping the Sanctions and negotiating might stop some of it but our corrupt government has really pissed off a lot of countries, in OUR name with OUR tax money, the last few decades. The US has become the bully of the world. Our politicians believe they get to rule the world
(“Who controls the food supply controls the people; who control the energy can control whole continents; who controls money can control the world.” — Henry Kissinger)
and have forgotten our founding father's warning not to go abroad searching for monsters or we might become the monster ourselves, see above.
We tell countries what to do and sanction them, hurting their citizens hardly ever the leaders, if they won't comply. Or just do a regime change, that seems to be the current favorite and what they tried to do to Putin, but he has over 70% approval rating in Russia thanks to all the Russian hatred spewing out of the West now. We have something like 100 "bioresearch labs' ' across the planet doing “REDACTED” because you are not allowed to know, only pay for it. We’ve funded Nazis in Ukraine, and probably backed and financed the coup in 2014 all to destabilize Russia, regardless of the cost to the Ukrainian people.
So if you think the other countries, if given another option, aren't going to bail on us, then you're not seeing clearly and need to listen to some media outside the US. Russia and China are in talks about creating a new international Financial system already. India cut a deal with Russia to buy oil with Rubles at a discounted price.
Assad, the leader in Syria that the Lefties wanted to regime change so badly but Russia intervened and stopped, has already started making the rounds in the middle east as an honored guest. Wonder why they would do that when they wanted him out not too long ago? Or why is India currently in talks with China to iron out their conflicts even though they are a member of the Quad which is basically NATO against China?
Why? Because we are bullies and stole Russia's gold reserves in our central banks. You can call it sanctions but the rest of the world calls it stealing and is taking notice. The banking industry is based on trust but if we steal billions in gold from Russia, what country is going to trust that we won't do it to them if they don't comply, why would they bother to take the chance?
We have to stop the sanctions and stop supporting the corrupt government of Ukraine that has now abolished opposition parties and centralized the media under the control of the government. If supporting and being infiltrated with Nazis wasn't enough for you. And yes real Nazis just google it there have been articles written for decades about the Nazi problems in Ukraine.
We have to end globalization and start producing things again. We are not an Empire and were created because of our opposition to the British Empire. We have to remember who we are and stop listening to the propaganda from corrupt politicians and their lackeys in the military-industrial complex, mainstream media, and Big Tech.
We have hard times coming and choices to be made. Are we going to go into the garbage heap of time, like so many others of the past or are we going to stop fighting amongst ourselves over things that don't matter and aren't going to feed one person? Remember FAMINE is incoming.
We need to unleash the American spirit that made us great and start manufacturing things again. We need to focus on our communities and educating our children. And stop trying to control the world.
Americans would never tolerate another country's leader to come in and tell us how to run our country but yet a corrupt government is doing just that around the planet in OUR name using OUR taxes. If we want to live free then everyone else gets to be free as well. That's how it works folks. These “rules for thee but not for me'' crap we have been fed by our "elite" class doesn't work and we the people are going to be paying the price for their bad policies for a few years, but we elected them and we made the choice. It's going to be hard times and we are going to need to lean on each other. But I believe we will be a stronger, healthier nation for it.
We have to stop looking abroad and start focusing on things that matter. In our own back yards, we have corruption, crime, drug abuse, and human trafficking galore. Every day children are raped and murdered by our own. Every year we graduate children in inner cities who can't read above elementary levels, but we want them to thrive? Not kill each other because they feel like they need to sell drugs to feed their families. We can't help the world until we clean up our own house.
But most of all we have to stop forcing our citizens to live in fear every day so that the corrupt politicians can control them.
Don't be afraid, you're not alone. Together we stand, divided we fall.
#StopSanctionsNow #NoWar
“Don't be afraid to see what you see.”
“We will always remember. We will always be proud. We will always be prepared, so we will always be free.”
“The future doesn't belong to the light-hearted. It belongs to the brave.”
― Ronald Reagan
This speech SHOULD be given today. Just multiply the numbers. #StayFree
Facts are timeless. Knowledge is power.
Understanding the basics of money is crucial to making good decisions for you and your family. Milton Friedman is a favorite because he speaks plainly so everyone understands. It's about passing knowledge instead of inflating ego.
@RepLoudermilk is being smeared because they can't prove a crime to keep Trump from running again. It's all lies and they were told it was lies but they have nothing else. I stand behind my representative.
https://rumble.com/v18mxv8-j6committee-spreading-disinformation-shorts.html