Article 4878 Video - International Public Notice: Say, "Yay," Saudi Arabia By Anna Von Reitz

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Article 4878 Video - International Public Notice: Say, "Yay," Saudi Arabia - Sunday, June 9, 2024 By Anna Von Reitz

Today marks the birth of the "Petrodollar"; it came into existence by contract fifty years ago; this day also marks the death of the "Petrodollar", as it has been announced that Saudi Arabia, one of the Principal members of OPEC, will not be renewing its contract to sell its oil exclusively using FRNs/USD.

Other countries will no longer be faced with the necessity of turning their national currency into "US" currency before being able to buy crude oil and refined oil products.

Thus ends the monopoly on crude oil and the secondary monopoly on currency, both.

Both these monopolies were unlawful, illegal, and immoral, so it's actually a day to celebrate, no matter what upsets and upheavals result from it.

Saudi Arabia has been a wise and discerning arbiter in the past, adroitly finding "the sweet spot" where it could maximize OPEC profits from oil, without crippling the economies providing demand for oil.

The Saudis are to be applauded, overall, for their business acumen and honesty. They are to be thanked for their action today.

We anticipate that our country will face some short term energy-supply difficulties and added expenses, loss of income from the sale of value-added oil products, and also the necessity of opening up our own oil resources which have been cashiered under the agreement.

But so what? The entire world will breathe freer.

For Americans on the ground, it means new jobs, and entire new industries, as the suppressed patents on numerous free or nearly free energy systems will now be released.

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