>The United Arab Emirates has opened talks with the U.S. about obtaining a financial backstop in case the Iran war plunges the oil-rich Persian Gulf state into a deeper crisis, U.S. officials said.
forgot linkhttps://www.wsj.com/world/middle-east/u-a-e-asks-u-s-for-a-wartime-financial-lifeline-3f9ea3a0
That's probably the end of the Ponzi scheme known as Petrodollar. Let me explain how it works. The GCC countries are forced to sell their oil in USD. Those USD accumulate in the US banking system. The accumulated USD are 'invested' in treasury bonds, i.e. loans to the US. That borrowed money finances everything, in particular the US military. Abu Dhabi now cannot sell oil anymore. And therefore has no USD coming in for its oil. Therefore it cannot buy US treasury bonds anymore. But, Saudi Arabia is in a different position because of its ability to reroute via the Red Sea. If the US gives a USD lifeline to Abu Dhabi, those dollars will be coming from SA, indirectly. Meaning: even less dollars are going into buying US treasury bonds. Bottom line: end of Ponzi scheme. What makes it even worse is the Abu Dhabi threat of settling in Yuan. Hahaha. That's like twisting the Iranian knife that has stabbed the US in the back.
>>533497307Your thread will die because you are almost as dumb and gay as the Secretary of Wars for Israel.
The US can't really open a credit line to Abu Dhabi. They'll immediately rape it to the max. But if they do not, then China gets the future oil revenue. How did the US get itself in a position that a tiny bunch of sandniggers is now holding them to ransom in a tiny Emirate? Unintended consequences of an illegal war of choice. The first of many. They're all going to have a go now. Tiny Bahrain. Followed by everyone else that has USD coming in for oil, gas, fertilizer, etc. An unstoppable wave of de-dollarisation. China and Russia must be laughing their asses off. They didn't even have to do anything. They get it handed to them by the living incompetence known as DJT, the moron of the White House.
>>533498230That's a problem for the United States and the people. Not the Trump regime.
>>533497253That sounds fair. You started this mess you pay for it.
>>533498484But he's steering the ship. Or maybe he's just pretending to.
>>533497937@rock, is this real
>>533498230sounds sophisticated but i doubt the strongest empire ever been will fall because of this lil thingy
>>533501081Of course you do. You didn't even know this thingy existed.
>>533498484Most Americans would benefit from the fall of the petro dollar except for boomers relying on inflated asses prices
>>533501220alright bucko, u tell me how long does the us of A have left
