When a country buys oil from any oil selling country, it just pays, hands the money to the seller. The seller then hands the country the oil. If China buys oil from Saudi Arabia, it just pays Yuan to Saudi Arabia, and the latter hands over the oil to China. A simple buy and sell transaction.
With the implementation of the Petrol Dollar Scheme, when a country wants to buy oil from an OPEC country, it must first use its own currency, go to the bank to exchange for American dollar. It then hands over the dollar to the seller for the oil. The transaction now has a third party, the US, who did not do anything except using some pieces of paper it call dollars to collect real money from the buyer. This means the Americans can just print monopoly money to sell to buyers of oil to collect real money that it can then use to buy whatever it wants from the world.
Get the picture? The seller has to give up his oil. The buyer has to give up his money for the oil. The Americans did not give up anything except monopoly money for doing nothing and collecting real money.
The second part of the transaction is even more bizarre. After collecting the money from the seller, in American dollar, the seller ie Saudi Arabia and other OPEC countries, would have to hand back the money to the Americans to exchange for another piece of paper called Treasury bond. The end result, the Americans collect all the money, and the real money from the buyer of oil and the monopoly money it sold to the buyer, by issuing another piece of scrap paper called bond to the oil seller.
This is the most brilliant scam of the century. The Americans do nothing, sell nothing, but sit there in the bank collecting money from buyers of oil and sellers of oil. And what did the Americans do with all the money collected? Buy weapons, pay for terrorists in uniforms called soldiers, to control and threaten all the countries in the world, and enjoying life aplenty, with money from the whole world. And the oil sellers cannot say no to exchange their money for a piece of paper called Treasury bond or the American terrorists in uniform will come calling, to put a gun at their heads. Saddam and Gaddafi were killed for defying the Americans to want to sell oil in other currencies.
Just think about this. How can the Americans not be rich, not to enjoy all the good things in life? The whole world is now turning against this scam, not to use the dollar to buy their oil. Oops, the oil sellers may lose everything, the oil and the pieces of paper called bond, if they become worthless when weaponised. And the Washington clowns really weaponised the dollar to scuttle the scam, to destroy the trust in the system and the dollar, to kill the Petrol Dollar Scam.
What to expect from clowns?
Another hideous aspect of this Petrol Dollar scam is that the money Saudi used to buy American Treasury Bonds will be held hostage by the Americans. The Saudi thus have to do whatever the Americans want them to. If not, the Treasury Bonds can be confiscated like the Russian assets. If this happens, the Saudi sold oil but get nothing instead as the money will be with the Americans.
6 comments:
There is another hideous part to this scam. The Americans and Israelis keep sowing mistrust between the Arab and Muslim states. Then passed manufactured reports that one was going to attack the other. All the Arab and Muslim states were fighting among themselves, not trusting one another.
Then the Americans told the Saudis, we will protect you.
Now there is trust and peace between the Arab and Muslim states. So who are the Americans protecting the Saudis from? Yes, threats from the Israelis and the American terrorists. In fact all the threats against Saudis were incited by the Americans and Israelis.
Singapore must be careful about American or Israeli manufactured intelligence reports that China, Russia or neighbouring countries are posing a threat to Singapore. Beware of stupid intelligence reports and stupid people believing in stupid intelligence reports.
Not to forget the banks making tons of money from the exchange rate differential of buying and selling US$.
We are talking about oil trade and involving billions, not transactions of selling peanuts, which is already big money in red dot.
When countries can do trade in their own countries, it bypasses the need to change its currency into US$ and back again, saving lots of money in the exchanging process. The whole arrangement is a scam.
Sorry, correction
When countries can do trade in their own currencies....
My apologies. Anon 11.42
https://youtu.be/oomDVvqSgbE?si=aCgSf2rBhs-791uJ
This video said it All
Washington in Panic : China and Saudi Arabia just broke the 50 year monopoly
Enjoy
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