>

A lot of dumb comments here about a possible future American invasion. razzian trolls probably. USA never invaded another country because of oil, and never seized foreign oil by force, unlike the razzian nazis.   
Now if we to talk seriously, I wonder what additional currency the Saudis will be willing to accept besides usd. There are not a lot reliable and stable currencies out there in the world, the Euros can be an acceptable currency I guess.
This sounds like they are removing freedom from their oil. Some people don't like that. >

The US wouldn’t dare attack Saudi Arabia. The last time the US was there—as friends to launch an invasion against Iraq it got a lot of Islamic fundamentalists angry because a bunch of non-Muslims were too close to Mecca. They considered it an affront and one of them got a bunch of other fundamentalists to fly airplanes into buildings.
Attacking KSA is a good way to enrage a billion Muslims world wide. They’d see it as a neo crusade. >

The US doesn't need to attack with weapons. Arab culture is so flammable & passionate about everything and nothing. All it takes is a spark of internal debate about basic human rights and the whole country would implode. See Iran for reference.
Why do you think freedom of speech is so illegal in these places? >

Ahhh yes USA is such a bastion of freedom OMG. 
Basically two corrupt parties that have same policy towards everything and both controlled by corporations. Such freedom, much democracy. >

Yo, the US has deep, deep problems, but comparing our freedom and their freedom is fair. We have an archaic and somewhat broken democracy that still functions, and they have an autocratic monarchy. We both function, but SA doesn't even have something as basic as the 4th, 5th, and 6th amendments. Seriously, the number of new Americans I meet in my city, most would rather be here by far. Saudi's among them. >

US Politicians: Is anyone else smelling Weapons of Mass Destruction in Saudi Arabia? >

I wish this meme would die.
At any point during the occupation of Iraq the US never took oil. IIRC, the French actually had the most oil contracts with Iraq. >

Those Sadam gold bars were much easier to move >

That's what colonel Gaddafi tried to do >

And Saddam. And Iran. And Chavez. Only Iran is functioning (and not so much since they killed an innocent girl for not covering her hair) >

They can threaten it, but there really isn’t any other currency that makes sense. Perhaps selling to China directly in Yuan does but that doesn’t really hurt the US. No one outside China trusts trusts the Yuan more than the dollar, especially given the delay in releasing financial reports last year.  Everyone else depends on a currency with enough liquidity, so the only other reasonable choice is the Euro. Considering how strong the dollar is and will likely remain for the next few years, I’m not sure why the Euro would be preferable. If the Euro or Yuan don’t make sense, I don’t see how any other currency other than the dollar makes sense.
Sadly for Britain, Brexit has killed the pound. What a mistake that was. >

Well, it could mean two things…
Euros - like Venezuela, Iran and a bunch of other countries tried doing (the US didn’t like it), or it could mean rubles, which is what Russia wants right now, because to buy something in rubles, you need to buy rubles first, and this creates demand for an otherwise worthless currency and saves Russia having to spend their precious and limited foreign cash on buybacks to maintain the rubles value. >


Of course the US is going to apply pressure. It’s still going to protect its interests. 
The price cap really affects Russias income. Russia was doing really well when gas and oil were through the roof last summer. Now that oil and gas are low Russia is running a deficit. 
I think the US and Venezuela are in a dance at the moment. I am hoping that relationship is moving in a more positive direction
The Euro hasn’t faired really well either. It’s really a different world in 2023. The dollar is strong and the US now has regular LNG deliveries to Europe, so there is even more incentive to trade in dollars. >

Does this mean USA will export freedom to Saudi Arabia too?
If not, MBS will be the first Arab leader to not be assassinated for doing this. >

Makes sense. The 3 biggest markets (China, US, and Europe) for oil exports are all pushing for energy independence hard the last few years. The US already outproduces oil compared to Saudi Arabia by 50% for example. Oil exporting nations will lose a large amoint of their power over the next decade as alternate power sources replace the need for importing oil, while regional or domestic sources produce all the oil needed for non-power related uses. 
This is more of a last desperate attempt to make enough money to build the line before Saudi Arabia loses all international support. >

Nah. Us used to be their biggest buyer, but now it's china, and with usa also falling out due to Biden not respecting MBS, Saudi is obviously turning more to china as china keeps rising. It's not just happening in Saudi but the whole world. China is replacing usa in importance and influence for most of the world, and as more time passes, this becomes more and more true. Saudi isn't losing all international support, what you on about? They are gonna join Brics+ soon, and their influence on global politics will only grow as a result. >

MBS deserves no respect. Straight up murderous thug, him and the entire Saudi royal family are on borrowed time. >

Yeah but lets be real, we do the same thing. Remember when Trump just straight up killed an Iranian general? Or when the US droned an Afghan aid worker and his family and Biden went on stage to brag about it? >

May 2023: Saudi Arabia has "terrorists" U.S. brings "Freedom" >

We might suddenly remember that the guys who did 9/11 were Saudis >

Iraq tried that and they got freedom instead >

I can see DeSantis basing a presidency on freedom exports. >

If DeSantis' crazy ass does export freedom to SA, I wouldn't even be mad. Heck I'd vote for a 2nd term to see if we can donate some to Iran. >

It’s like they wanna be invaded >

Pretty sure an invasion of SA will destroy world economy, way worse than 2008 financial crash >

Not necessarily. The Saudis may burn their own wells, but the US would soon occupy those areas and get them back working and sell the oil themselves, just like Iraq. In 6 months the price of oil will return to where it was, or even below that price as the US would flood the market with cheap Saudi oil. The US would make a killing and Russia's oil revenue would plummet. I should stop talking bc the more I do the more I'm thinking this is a good idea lol >

This is the most American comment I've read on reddit in awhile lol. Pure delusion. >

Ok so we were in 1936 but now it's like 1973? >

The dog biting the hand that feeds and protects - truly these are interesting times. >

Eggs >

Potatoes >

I sure Jerrad kushner recommended this….. >

100% his idea >

Give us all your moneys >

How about we go eurodollars. Cyberpunk style. >

Neo-Tokyo anyone? >

Fuck Saudi Arabia >

They can finally see the writing on the wall, their primary natural resource is in decline and have no other way of replacing it.
This should have been clear to them 20 + years ago, their entire economy is centered around pumping oil out of the 🌍 Earth.
Now they are scrambling and will accept most any currency, the Iranian Rial and Venezuelan Bolivar are the weakest.
Unfortunately for them both of those countries economies also depend on oil.
Bummer! >

Most of the top 100 apps on your phone right now have are partially or wholly owned or invested by Saudis, almost all vacation destinations you wish to visit has its top hotels, resorts owned again partially or wholly by Saudis, almost all European car brands have higher than usual shares of Arab money in them. And these are the things that are only the ones that stand out. Then there are minor things like if you ever paid for parking your car in North America and parts of Western Europe, you paid the Arabs >

The financial elite owning a bunch of shit isn't going to save their society. >

Saudi Arabia mismanaged its resources so the bills are about to come in.
Once its precious resources are exhausted they can survive only with the money they set aside and any industry that they can exploit but it will never regain the power it had with oil. >

They actually made their first budget surplus in ten years, of 27 billion, or 2.6% of their gross domestic products in 2022. >

That's like 3 months of replacing Russian oil while price gouging.. this is not a trend >

Oil, unlike gas, was trading at its lowest for 5 years in 2022. >

People posting that USA will bring freedom like they did to Iraq or Libya, do not realize that this time it is different. It is a global initiative to de-dollarize the global trade. Being a reserve currency have lot of perks but puts a lot of pressure on central bank of the country. 
FEDs only tool quantitative easing+tightening has expired now since the interest rate is already very low. USA will try resisting this time as well but ultimately for better future they have to go with this de-dollarization. For some year there will be multiple currencies being used for global trade until Local CBDCs and international trade bridge for different CBDC is established. 
Multi polar world is the new future within 20yr timeframe. >

Probably not. China's working age population is in decline already, reducing its advantage and its future growth. Its like Japan 30 years ago. Meanwhile the US's status as an immigrant haven keeps its population growing and its economy dynamic.  
Will India take the place that China has now? >

I don't think India alone can take the place. It must be a group of nations. Most probably BRICS will try to include Saudi, Turkey, Argentina, Egypt, Indonesia into the BRICS+ and introduce a BRICS currency which might not be a single currency like EURO but a framework for exchanging different countries' currencies(CBDC) for international trade. Countries interested to do any trade with any one these nation will have to subscribe to this framework and also have the option to unsubscribe. It is highly likely that it is going to be commodity backed. New Development Bank(NDB) will control this whole thing.
Any single country putting their own currency as the global reserve currency creates a unprecedented responsibility and pressure on their govt. Making Yuan the new reserve currency will bring the same issues which happened with USD. >

The thing about a group of nations is - they will fight. Europe can barely hold it together and they have a fairly common culture, development, and some of the top economies in the world. >

I am not well versed in European economics but I feel lot of Europe's internal problem is because of their single currency. So issues of Greece, Italy affects Germany, France. 
In the BRICS currency model, each country will have their own local CBDC. The framework will not impact the economy of the country. Problem in one's economy will not seep into other country's economy like it does now with usd. It should only impact the exchange rate between two country.
Another problem with USD as reserve currency was, other countries started stockpiling dollars which impairs global trade as supply of dollar decreases. Being the owner of the reserve currency, USA had to print more and more to keep the wheel of global economy running, while making inflation higher. Now CBDC can theoretically eliminate this problem because it is programmable and can be programmed to be expired. If some country is stockpiling the proposed BRICS currency, it may discourage it by saying there is 2/5 year windows to use that amount in another international trade else it will be expired. Just a idea how it might happen, not sure it will. >

Oh boy. Could be a wild decade >

The moment that happens everything changes. >

Makes marginal difference, the petrodollar phenomena is history anyway, along with oil economies. The oil price will never recover it's 2008 peak, with how EV adaption is taking off, it's all downhill from here. >

Eat sand.