Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "" video.
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💰 China and Saudi Arabia announced a 50 billion yuan swap line for non-oil trade, challenging the Petrodollar.
00:54
China and Saudi Arabia announced a 50 billion yuan swap line for non-oil trade.
🔔 The video discusses the importance of being self-reliant and not relying on the state, as well as the impact of the Petrodollar on the global economy.
04:15
The speaker emphasizes the need for individuals to be self-reliant and not depend on the state.
The video covers the significance of the Petrodollar and its impact on global currencies.
The speaker has been discussing the Petrodollar for several years to warn Americans and the rest of the world.
📜 The video discusses the importance of the Petro dollar deal and the security cooperation agreement between Russia, Saudi Arabia, and China.
08:52
The security cooperation agreement between Russia, Saudi Arabia, and China was signed shortly after the US left Afghanistan.
The Petro dollar deal ensured that Saudi Arabia would sell its oil in dollars, maintaining demand for the currency.
The US dropped the gold standard in 1971, leading to the need for the Petro dollar deal to maintain the demand for the dollar.
💰 Saudi Arabia is seeking to strengthen its relations with China as part of an effort to diversify its economy away from energy.
13:24
Saudi Arabia is the world's largest oil exporter and is looking to diversify its economy.
The country is seeking to strengthen its relations with China.
Saudi Arabia may eventually price oil in its own currency and not use the US dollar for trade.
💰 The dollar is down against multiple currencies, including the yen and the Chinese yuan, which could potentially benefit gold and silver.
18:05
The dollar index could go down to 90, which would still be above its all-time low from 2008.
Gold has gone up 100% since 2008, while the dollar index has gone up 48%.
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