The Petrodollar’s DOOM And Why It Matters

Welcome to RIGGED [against you], the podcast that helps you RIG the wealth game back in your favor. I’m Terry Sacka AAMS of Cornerstone Asset Metals.

 

I saw a wave, a dark wave, come over our nation. And it’s not just the election, of course, but this program is going to be all in the name RIGGED because when I, and we formed RIGGED, it was because of the financial system, but RIGGED is now becoming common in America. And it’s all RIGGED [against you].

This is RIGGED. I’m Terry Sacka.

 

This week, we’re gonna talk about the petrol dollars doom and why it matters to we, the people, this is something that goes back to 1974 and we’ve had a long run with it, almost 50 years, but it’s getting about challenged to the max. It can be challenged and it’s getting to a point where we better pay attention because the amount of printing of dollars that we have done, the amount of,dollars we’ve actually put in circulation really matters to be the people because it’s those dollars in circulation around the world when they start coming home creates not only tremendous inflation, which we’re seeing today, but almost a hyperinflation. If it doesn’t happen in a steady manner and in lieu of everything that’s going on right now with the war, with Russia, n Ukraine, if we continue to that, we could see the dollars demise even quicker.

Maybe that’s their plan. I’m not exactly sure , but the Petro one is a big deal. This is what’s coming into play. It was always about the Petro dollar. Now, I’m gonna get into explain a little bit about what this means. , but the Petro dollar was the dominance. It is, you know, the dominance of the world. It’s what gave us our reserve currency. And so it comes down to, this is the us undermining with its actions, the dollars credibility. And it does seem to be yes, in lieu of our actions in pay a fight, especially with a major nuclear power like Russia and another blow for the dollars dominance, which amazes me, not only did Saudi Arabia in the United Arab Emirate, refuse to take Mr. Biden’s phone call. They went to Russia, Saudi Arabia is reported, considering, and now at least some of their oil in Chinese one.

Now we saw this coming back in the day because the Chinese had set up different exchanges. And I’m gonna get into that a little bit, but that’s a very huge deal because technically the United States owned Saudi Arabia and the sense that we would put protect you militarily, and by doing so you price as leader of OPEC, you price all crude oil and us dollars. But according to the wall street journal, this move is denting the us dollars dominance of the global Petro, petrole market. And it’s marking a shift by the world’s top crude exporters toward Asia. And you, you remember Asia literally is two thirds of the world’s population. So as they grow stronger and as gain more confidence, we in the United States are going to become, very weakened and our, we, the people, of course, our dollar that we’re holding in saving will become very compromised.

Why I highly recommend it is vital with our savings and a good portion of your portfolio that you are in physic precious metals, like golden silver outside the system. There are multiple ways to do that through private vaulting, or just take it home. But I highly recommend giving cornerstone asset metals, a call and get yourself in position to have these assets outside the system. You see the Petro dollar served as a crucial support for the us dollar. That’s what gave the us dollar. The world dominance. The majority of most global oil sales are priced in us dollars. This ensured a constant demand for the greenback. Every country needed dollars to buy oil. So they now not only kept dollars in the reserve, but they had to do business in order to get dollars because they used the dollars to buy oil. And every country, this is actually vital because every country needs energy.

Oil is the nber one commodity next to like natural gas. And of course, silver, you wouldn’t believe that one, but it is huge because without energy, we can’t function as a nation. So it would, by doing this, it helped support the us governments borrowing and spending policy. That’s how they were able to go into massive deficits. They were able to print money and borrow money because the world needed dollars. So we had kind of this guarantee, this security blanket, as long as the world needed dollars for oil, the federal reserve could keep printing and printing to monetize what debt we were creating. One of the core staples of the last 40 years, it was an anchor propping up the dollars reserve status was a global financial system that is based on this Petro dollar idea. This was a world in which oil producers would sell their products to the United States and the rest of the world for dollars.

That’s why hence the dollar became reserve currency, but then they would also recycle these dollars and proceeds in dollars into assets and while investing in dollars. Also the markets and bonds, the us treasuries, this props up the us dollar as the world reserve currency and in the process, a back stops any standing of the us as the world’s undisputed financial super power. This is what the world was for the last 40 years. Now, part of that agreement, remember Saudi Arabia controlled OPEC. Mainly they led OPEC, which is the, petrole league. And they were the head of OPEC. So what they say were using dollars then therefore, and in return we told Saudi Arabia, we’re going to defend you militarily. Well, recently that isn’t happening. We’ve been really sticking it to Saudi Arabia over the, the Houthis and Yemen. They’ve been having a bad war with their neighbor, Yemen, it’s causing a lot of problems.

And the Americans, especially the Democrats will, which I don’t quite understand. They do everything opposite they’re supposed to, but they they’ve been undermining. One thing about the, the middle east and especially the Arabs is they’re very relationship oriented. They take relationships very, very serious. And when you start backstabbing them, they remember, and they’re getting tired of the United States, hypocrisy, Saudi. Arabia’s getting tired of, president Obama, giving the Iranians all that money and dropping those payloads of cash off and doing the, the Iranian nuclear deal. And, and Mr. Biden is following in the same steps. Saudi Arabia is like, enoughs enough. I’m not even taking your call, Mr. Biden. He goes to Russia. This is huge for us folks. Saudi Arabia has sold oil exclusively for dollars since 1974. That was the deal when Nixon, the Nixon administration sparked it. That’s also why they took us off gold mining you so they could print.

If the Saudis ended up shifting away from this dollar and they start selling oil for the Chinese one, it is bad news for our dollar dominance. And now what we’re doing to Russia, isn’t helping. This is good news for China. According to the wall street journal, China buys now more than 25% of the Saudi oil export just recently, handful of years ago, the Chinese made a mega billion dollar commitment to build a refinery in Saudi Arabia. They’re not, they’re not stupid over there in China. They know how to slowly build relationships. So this has been coming for some time. They’ve been talking about this for some time, but now if the oil is priced in the one, those sales would boost the standing of China’s currency and the Saudis, they’re also considering including wa denominated futures contracts known as the Petro one. We talked about that sometime on the wealth transfer program, where they’re even back in these contracts up with gold.

I mean, the Chinese are very slow, methodical, and incredibly intelligent about how they’re the world dominance. It’s all in the pricing model for the Saudi Arabian oil company known as Ramco. They kinda run the show. Now China and Saudi Arabia have been talking about the wa based oil contracts for years. But now that the frustration has grown, especially because we are, are accelerating our disconnect, you know, from supporting them militarily, they’re unhappy with us. It’s our deal to have the security commitment. And we are not defending the kingdom anymore, especially Biden himself, which is attempting to reinstitute the Iran nuclear deal, which is the enemy of Saudi Arabia. Chinese rolled out this wand based oil contract in 2018. I mean, it’s been okay, it’s been modestly successful, but remember it’s backed up by gold folks. So it’s going to have its day when people realize that the American oil contracts are derivatives, just like the silver contracts are derivatives, that the American market itself is based off of derivatives.

And derivatives is basically meaning fake. They sell contracts of, of product. They don’t own like in the silver market, they have sold 350 ounces of silver on paper for every one, real ounce of silver in the vault for delivery. That’s taken 350 people on one side of the street, put one ounce on the other side and say, go that’s what a derivative market does. It allows them to sell things they don’t own. And it based off of paper, it’s basically fake, but that’s how we’ve been rigging the financial system for quite some time. And it’s a really big deal because the Chinese themself, after they did the oil contract, they were setting this up slowly, mind you, but they’ve done it backed by gold and it’s not their own gold. They’re packing it up by. They’re actually backing it up by gold in the market system, which is very intelligent because I think people would be very shocked how much gold China actually owns.

This is going to be a boon for China. That Chinese would love to limit the exposure to the us dollar, especially right now in lieu of how they see us pushing Russia around. And now that they see that we have all these biological weapon facilities around the world, just so happen to be around China and around Russia. And we happen to be doing genetic research with the blood of these people to develop pathogens, to only kill that race time, talking about Dr. Doom and evil, right? But this isn’t just talk anymore. They’re now selling oil in theand. Now the are saying that this could be risky for Saudi Arabia. This is kind of the pushback that, well, you know, it could be risky because Saudi real, their currency is pegged to the us dollar. Now, a lot of currencies are pegged to the us dollar, mind you, but that’s the point I’m getting at?

I think we’re near a precipice where that is going to change prince. Mammad’s a even reported that and warned him of an unpredictable economic damage that could come if he started doing this for the one. But I believe he’s young and I believe he knows better. He sees the new world Alliance developing. He likes the idea of the Chinese Russian Alliance. You can tell. And the fact that he blew off Mr. Biden’s phone call ought to be a big wake up call for the United States. But this is no surprise folks. The Chinese and the Saudis have ramped up the relationship for some time. Now the weaponization of the dollar has been on full display lately. We’ve see it. We’re seeing it right now, especially after Russia invaded Ukraine, the us started cutting Russian banks and even the central bank of Russia from the swift payment system.

Now, this is huge because if you’re another nation and you see that arbitrarily out of the blue, the United States can decide just to cut you off. You may think twice about putting all of your trust into them. You see the swift stands for the society for worldwide interbank financial tele it’s the system that enables banking systems and financial institutions to send and receive information about transactions in a secure environment. Since the dollar serves as the world reserve currency swift was able to facilitate the international dollar. They were even able to use it to blackmail people, especially the biggest one that I got a kick out of is when the French bank, there was a French bank who went around the sanctions of Iran and did business with Iran, the United States threatened to cut the French bank off of swift and said, if you wanna remain, you have to pay us like a $5 billion fine, which of course they had to, because if, if you’re not on the swift system, then how do you do business internationally?

And then no kidding. Within like two weeks. I think after they did that, president Obamas does this deal with Iran, this whole big, nuclear deal, and then drops off 150 billion do Iran. Totally, totally doing the exact same thing, even worse than the French bank. And people see that. And they’re tired of us being such a bully, but you see, by doing this, we were able to the swift system anyway, and the dollar dominance, it gave us a great deal of leverage over these countries. That’s why we were able to stick it to the French or anybody who got outta line. We had leverage, but that leverage depends on the dollar’s as reserve currency, but it shouldn’t shock us folks. We’re seeing big blowback right now from the us using the greenbacks as foreign policy, carrot and stick, and what we’re doing to the Russian people and the Russian banks is alarming. Everyone, a drop in the demand for dollars would be such bad news for the us government, which depends on that dollar demand to keep printing money and funding. Its out of control spending. Imagine a world in which the Chinese didn’t use dollars. They’re building the silk road. Mind you they’re building the Alliance. The URA Alliance with Russians, the Iranians, the Indians over two thirds of the population of the world is building an Alliance to go away from the dollar.

China currently is the biggest holder of us debt. But if they continue to divest themselves away from dollars, who’s gonna do the, we’ve been documenting this be you have to know that we are issuing these bonds and they’re not buying them anymore. The federal reserve has been buying treasuries handover fist for the last two years. And we’ve been printing trillions and trillions into thin air. They’ve been kind of manipulating. You could say the bond market, but it’s tapering purchases and supposedly planning on shrinking its balance sheet. As they say, they think they’re going to slow it down. Oh, we’ll slow it down, but who’s going to buy it. If the Dre treasuries are dropping in demand, who’s going to buy it.

And what in the world would it be? If we didn’t have the Petro dollar, the GU us government would be entirely bankrupt. We would have to cut spending like you wouldn’t believe. And we would have to print money and monetize debt out of control, which would cost on believable hyperinflation in the complete collapse of the us dollar. Now I know a lot of people don’t believe this is going to happen. They don’t think it can happen. They think the dollar’s dominance is 20 years from now. Oh, don’t worry. It’ll be fine. To some extent, I understand it’s a slower process than what it seems. But if we keep escalating this war with Russia, and if we turn this into a major world war, you better believe the us dollar is go on. And if that us dollar goes away and it crashes, we will have to create a new currency.

During that transition, you will lose a substantial amount of your paper, asset portfolio, your stocks, your bonds. I already talked yesterday about the extreme. Sure. That’s gonna be deflation pressure. That’s gonna come to stock markets, bond markets, as well as property. The inflated values of property. Be very careful. This is an exceptional time to have golden silver. It doesn’t matter about the price because you’re measuring it in a, a worthless dollar going forward it, but it will definitely always be money because gold and silver has been money. Going back to the Bible. Article one, section eight, the constitution says grains of silver, grains of gold was our money. When we allowed it to come off and become a Fiat currency, that was what spelled the doom for the future. And I wanted to get into some Fiat currency, but it’s gonna be too much for one program. So next time I’m gonna get into a deep dive about Fiat currencies and explain a little more why they always go to zero and where we are in the cycle and why we, the people need to be alerted and be, and it’s better to get your golden silver. Now gold is already near the all time high. It’s not even about the price. It’s about the supply and the supply is not what you think. So I would take advantage of that until then stay blessed and have an amazing week.

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