(Natural News) As we have consistently warned for more than a year, Operation Sandman has now been activated, with Saudi Minister of Finance, Mohammed Al-Jadaan, telling Bloomberg TV (during a WEF Davos interview) that the Saudis will gladly accept all currencies for settling oil transactions. (Reported by OilPrice.com)
The foundational pillar of US global currency dominance and its ability to export inflation to the world is based on the so-called Petrodollar status, in which the US agreed to protect the (corrupt) Saudi kingdom in exchange for the Saudis demanding US dollars for all oil transaction settlements. This agreement has been in place since the Bretton Woods conference in 1944 and has carried the dollar until today.
But this arrangement is now coming to an end.
Very few Americans have any clue what this means to their assets and their future.
Also, very few people realize that over 100 nations are prepared to renounce the petrodollar as the dominant currency for oil settlements. Instead, many nations are going to switch to using the Yuan (from China), or the digital Yuan, or the new BRICS+ commodities-backed reserve currency that’s about to be launched by China, Russia, India and other participating nations.
The dominoes have been set into motion. And as this plays out, it means dollars will come flooding back to the United States as world nations dump the greenback fiat currency they no longer need. This means dollars will experience rapid devaluation in their purchasing power, which will be reflected in higher prices — i.e. inflation — in consumer goods such as groceries, automobiles and more...........More Below
The European Commission has announced plans to “strengthen” the borders of nine member states
The European Commission unveiled a strategy on Wednesday to reinforce nine EU member states bordering Russia, Ukraine, and Belarus, by means of the ‘European Drone Defense Initiative’. Previously dubbed the ‘drone wall’, the plan has faced criticism over its feasibility.
Russia has repeatedly dismissed Western claims of being a threat to NATO or EU nations, calling the narrative “nonsense” and “fearmongering” meant to justify inflated military budgets.
Announced by the commission’s executive vice president, Raffaele Fitto, the plan includes Finland, Estonia, Latvia, Lithuania, Poland, Slovakia, Hungary, Romania, and Bulgaria. Brussels says that these nations are facing reduced investment, demographic pressure, and “hybrid” threats linked to the Ukraine conflict.
The new strategy includes a €28 billion ($33 billion) loan program, as well as commitments to implement ...
Washington’s initiative seeks to secure a supply chain for AI, semiconductors, and critical minerals
India has joined the US-led Pax Silica alliance, which aims to secure a supply chain for artificial intelligence, chips, and critical minerals.
The Pax Silica declaration was signed on the sidelines of the AI Impact Summit currently underway in New Delhi.
Australia, Greece, Israel, Japan, Qatar, South Korea, Singapore, the UAE, and the UK are the other signatories of the declaration, according to the US State Department.
Canada, the European Union (EU), the Netherlands, the Organization for Economic Cooperation and Development (OECD) and Taiwan are non-signatory participants.....more below
