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Wednesday, April 12, 2023
China and Saudi Arabia just SHOCKED the world and the U.S. is in serious trouble | Redacted News
China and Saudi Arabia just dealt a knock blow to the U.S. dollar. This week we got our clearest sign yet that America is in serious economic trouble after China and Saudi Arabia filed new agreements on oil and trade. But the biggest problem came from the Crown Prince who said he's done trying to please The United States. The new world order is beginning.
A really good summary of US economic and geopolitical decline. Other countries are now going their own way and dumping the petrodollar with Saudi Arabia also dumping Treasury Bonds - that is what pays for a lot of US Government spending.
Will the Fed just jump in and buy up these Bonds (like they and other central banks buy US equities, which is direct buying of shares, so more market rigging/manipulation)? Probably. If they don't then the interest rates on the Bonds will go up which means the Gov will have to pay out more to the Bond holder. This may lead to unpayable interest rate amounts. So this again leads to a Fed bailout (money printing) to keep things going or else a collapse in the US economy. There should not be a hard collapse in the US dollar since the money markets are all rigged between Western countries via the ECB, the Bank of Japan, and the Fed. Only 10 mins. The rest of the clip is an ad.
[Posted at the SpookyWeather2 blog, April 12, 2023.]
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