Comments by "nuqwestr" (@nuqwestr) on "Saudi Arabia Just Shocked the Dollar! Future with BRICS and China" video.

America has never been an "Empire". North America still supreme in resources, production and intellectual property. The dollar is the reserve currency and will remain so, even for the Saudis, who hold a substantial amount of US debt. They don't want to see a "fall". LOL
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@D.N.A.23 USA debt is public debt, owned by nations around the world, like Japan and the UK. The dollar is a fiat currency. That debt is not defined as it once was when paper was back by a commodity.
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@Mill-wl9bx Yes, the UK also high on the list of debt owners. We are a world-economy, currency is not backed by a commodity like gold, it is a FIAT currency which fluctuates in a volatile world market place. The value in the dollar comes from our RULE OF LAW, and why both China and the UK invest in our debt. China does not want to be "paid back" in they way you might imagine. If they demand payment, the dollar falls, the US cannot then pay for Chinese made products, and then China falls. We're in a precarious market balancing act, debt is a player, and cannot be seen as a simple negative balance sheet entry.
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@prabhakar0076 "ended"? you mean your video game?
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@Mill-wl9bx "As of June 13, 2024, the U.S. federal government's debt is $34.71 trillion. This includes $26.5 trillion held by the public and $12.1 trillion in intragovernmental debt. The U.S. Treasury Department reports the amount of debt outstanding at the end of each business day." - US Treasury
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@MSDGroup-ez6zk I checked the Feds own website and Japan: #1 $1.1 trillion, China next and then the UK. As I said, Saudis own $108.1 billion, with a population of only 34 million, punching WAY above their weight if you add Japan and China's population.
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@MSDGroup-ez6zk We are China's number one market, that's not going to happen, LOL, that's the point of the fiat currency/central bank system. It's like mutually assured destruction.
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Look to yourself. Jordan has a 7-Star symbol on its flag which stands for oppression against both women and those who do not share that belief system. The "oppression" is self-made.
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LOL, the Saudis hold a substantial amount of US Debt, have since that 1974 agreement with Nixon. $108.1 billion, but they've been selling off, they know Biden sucks. Trump 2024. Trump's son-in-law Jared knows how to work with the Saudis.
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The 1974 agreement was tied to Nixon taking the dollar off the gold standard and secretly selling treasury bills to the Saudis to finance debt caused by both Vietnam and rising OPEC oil prices. Is this a "big deal"? Remains to be seen, and there could another "agreement" in the making. Saudis in a strong position. Few know the History of IBN SAUD and Aramco. The Brits and Hashemites really blew that deal back in the 1920s.
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