https://dailyreckoning.com/kissinger-created-the-doomsday-deal/
Here’s a quick rundown of some of Biden’s recent failures. On Jan. 17 of this year, shots were fired when Saudi Arabia humiliated Biden and thumbed its nose at America by announcing it is considering accepting other currencies for its oil.
And that announcement opened the floodgates.
On March 8, 2023, Reuters reported another massive blow as India and Russia are now ditching the dollar and trading oil in non-dollar currencies. On March 28, Brazil and China announced an agreement to conduct all future trade transactions using their own currencies.
And it gets even worse. Even our so-called allies saw the writing on the wall.
That same day, French oil giant Total Energies announced they had bought liquefied natural gas from a Chinese oil company using the Chinese currency, the yuan.
Now, other U.S. allies like India, Pakistan and the United Arab Emirates have made deals with Russia or China to buy oil or other commodities in their own currencies.
With Biden in the White House, they’re laughing at us now.
The Beginning of a Seismic Shift
Iraq announced earlier this year they’re now trading their oil for Chinese yuan. Recently it’s only gotten worse…
In August of this year, it was announced Saudi Arabia — our old partner in the Doomsday Deal — will be joining the BRICS group of nations starting in 2024.
And more recently, China and Saudi Arabia agreed to a currency swap deal.
Our enemies were already salivating, and now with this most recent news they are ready to pounce.
In a global political economy long dominated by the petrodollar, this could be the beginning of a seismic shift.
Eventually a tipping point will be reached where the dollar collapse suddenly accelerates as happened to the British pound sterling last century.
My background inside the U.S. intelligence community, investment banks and global currency markets has shown me how smart investors could profit from the failure of the Doomsday Deal.
One of the best ways investors can anticipate this monetary earthquake is by buying gold.