Xitter is full of people saying the petrodollar is dead because Saudi Arabia didn’t renew an agreement with the US to exclusively sell oil in Dollars 🤦‍♂️

Clearly I am a dollar bear as evidenced below, but come on people!

There’s no fucking petrodollar contract with a 50 year term that just randomly expired last week because Biden forgot to negotiate an extension. That is not and never was, how modern geopolitics works.

There’s military and trade alliances, leeway for diplomats and top officials, heavy blackmail, brown paper bags (actually suitcases) full of cash and gold, blind eyes turned and all sorts of shit going on in the background.

This ☝️ is why BRICS *is* happening; manoeuvring and politicking. Not because of a piece of paper signed by dead people some 5 decades ago - but because of the actions of leaders alive today, dealing with reality as it is rather than how the textbooks record it.

If it was as simple as an expiring contract propping up the Dollar; the US would have invaded Saudi Arabia the day after expiry. nostr:note1526hch0dhc6xaaf0cf04k8gxwm2mty9m2zvgdzn6uj20hls7rqesauwjsd