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US-Saudi Arabia Petro Dollar Pact Ends – Biden’s Failures Bringing an End to Global Dollar Dominance

Written on . Posted in Bible prophecy, Antichrist, China, Egypt, End Times, Federal Reserve, GLOBAL ECONOMY, Iran, President Joe Biden, Russia, Saudi Arabia.

Gateway Pundit:

Leaders from the BRICS Alliance meet in 2018 including Vladimir Putin and Xi Jinping. The original BRICs nations included – Brazil, Russia, India, and China and South Africa.

In March 2023, South Africa’s Foreign Minister Naledi Pandor announced that Saudi Arabia, United Arab Emirates, Egypt, Algeria, Argentina, Mexico, Nigeria, and other nations wanted to join BRICS Alliance. This was a direct threat to the West and US dollar dominance.

Via Kanekoa.

Was this always the plan for the Obama-Biden regime? To take down US dominance on the global stage? Because that is taking place on a rapid scale.

Under Biden, who is openly mocked on the international stage, traditional U.S. allies are now aligning with China.

Saudi Arabia announced in March 2022 it was considering accepting the Chinese yuan instead of the US dollar in future transactions.

Last week Joe Biden allowed the 50-year-old petrodollar agreement between the U.S. and Saudi Arabia to expire. Read More…

Opinion: The 50-year -old petrodollar agreement expired with little or no fanfare on June 9. I have been scouring financial websites for more updates on this, and then one of our readers sent me this article yesterday from the Gateway Pundit.

I cannot explain why the financial world does not see the eminent danger to the US dollar’s fall. If/when oil is traded in yuan or some other currency, nations will be forced to sell dollars and buy a new payment system. The damage to the dollar as world reserve currency will be irreparable.

What caused all this :

The 5 nation BRICS  have become a 10 nation BRICS+ (Brazil, China, India, Russia, So. Africa, Saudi Arabia, Iran, UAE, Egypt, Ethiopia), which means over 40%  of the world’s population is now under the watchful eye of China. And there are 40 more nations seeking to join BRICS+.

Another possible answer is the loss of confidence in the dollar has been coming since the 2008-9 financial crisis, when the Federal Reserve turned on the printing press and added massive debt to the US, causing virtually everything to become more expensive.

A third possibility is that the US has used the dollar as a weapon, cutting off individuals, companies and governments from the global financial system and causing nations to look elsewhere for trade.

The 4th reason, Bidenomics, has become so destructive that many are simply not paying attention to the economic bombs going off around them.

While the world searches for answers, Daniel 7:23-25 prophesied over 2500 years ago that a 4th kingdom, revived Rome, made up of 10 kings followed by an 11th king, would form in the last days. There is no US super power in prophecy.

The 11th king is Antichrist.

Bidenomics, BRICS, debt, US dollar