Did The Petrodollar Pact Between Saudi Arabia and the US Finish Yesterday?


ER Editor: The 50-year arrangement for the Saudis to sell oil using the US dollar ended yesterday, apparently. We’re looking further for confirmation. Countries around the world will not be required to hold onto US dollars to buy oil, therefore; Saudi Arabia can accept payment in different currencies. Saudi Arabia joined the BRICS organization at the start of this year.

Readers may be interested in this New York Times piece from June 9, 1974 —

Check out this 2-minute intel update from Alex Collier —

David Kurten, former candidate for London mayor, considers the implications —



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