bill riser
Pro
I think you guys should take note of this video. If this is true, then the US dollar is going to take a very serious hit.
Say hello to the new world reserve currency
- Thread starter bill riser
- Start date
Imagine thinking every currency on Earth is worthless because it's not the reserve currency.
It's nice to be the one.. but we'll be fine either way.
Just like every other major power currently is fine, even tho they're not the #1 reserve currency
Hood Critic
The Power Circle
SA riyal is pegged to the US dollar, so hurting the dollar ultimately hurts their own currency. There are advantages to being the worlds oil dealer but there are disadvantages when 90% of your economy hangs in the balance depend on oil sales.
MBS could hurt the US dollar short term but he'd be ultimately playing himself long term.
MBS could hurt the US dollar short term but he'd be ultimately playing himself long term.
We'll be fine but we're still years away from the US Dollar not being the world reserve currency.
Json
Superstar
SA can’t even run their own oilfields. Not that population couldn’t but the ruling class doesn’t want internal wealth they don’t control.
Pinning the reserve currency to a finite resource in country of limited growth ain’t happening.
Pinning the reserve currency to a finite resource in country of limited growth ain’t happening.
what kind of stupidness is this?
when he's not decapitating his citizens, they're trying (and failing) to diversify their economy.
Might have to rename the sub tankie fantasies and fesrmongering