This is the most lucid explanation about the termination of petrodollar agreement and its pros and cons. Many thanks. This is another big leap towards dedollarisation.
Fake news alert: Saudi Arabia is not going to stop selling oil in US dollars (USD), and they're not ending any petrodollar pact. In fact, there is no petrodollar pact, secret or otherwise. So, there's nothing to renew (or not renew). Nor is there any “paradigm shift” shift in global finance.
@@Samuel-hd3cp Isn't Uncle Sam's the one on cloud nine now that the world is dedollarizing? All those dollars are going back to the States and Americans are going to get very, very rich like Trump said he was. 🤑🤑🤑🤑🤑
US have weaponised the dollar for 50 years enough is enough. The colonial thieves have invaded enough countries to steal the resources from those countries.
Saudi Arabia was under the wing of America always pumped up with weapons, and looked what happened, the next will be Taiwan after they can't effort to buy🎉anymore USA weapons and once America shifts all the chip plants to the USA, Taiwan will be just like Saudi Arabia getting rid off the dollar. Most of those chip workers will detect too China sooner than expected.
Thankyou sir! I don’t know why you never ask people to like and subscribe to your channel. Guys, it’s our moral responsibility to appreciate good work.
You forgot the main possibility, that is 50 years ago USA was KSA’s biggest customer of their oil. Fast forward to today, China now is the biggest buyer of KSA’s oil. So why would KSA, still price their oil based on USD if their no.1 customer is not USA??
USA has gotten its self in a pickle it seems… 80s 90s China was full of rice Paddie’s with men tilling the land with rolled up pants and straw wide triangular straw hats… now they’rea super power that can reek havoc on any country thanks to the American Business man that thought the can increase their profits buy building their businesses in China and replacing American jobs in particular manufacturing. It’s been done before with Taiwan, Mexico, Philippines, Japan and so on… but China did a major flip of the script; with Chinas 1.43 billion people vs USA 300 million people, its become a power house with sheer numbers alone (imho) this is what and what’s happening. Thanks American businessmen.😢 also if your sleeping with the enemy never underestimate their intentions , 101.
I'm seriously considering joining your VIP group because I know that your strategies are truly game-changing. Thank you for all the incredible work you do!
There never was a formal document/contract of the petrodollar deal. Am I right? Also, Saudi Arabia has been selling Oil in other currencies as well in the past? Am I right? I am not refuting your views - my questions for you. Does anyone have a copy of the Deal/Contract paperwork? I do love your channel.
I have been following ur videos from last couple of years and i find them very much informative and interesting. So my request is that if u could get these videos dubbed with hindi vocal , that would be of much help to the larger people and they need it badly.
Hello Amit sir! Appreciate your videos. This particular story that you have covered (petrodollar arrangement) it has been termed misleading by various outlets stating that there was no such agreement between the two countries.
Thank you Goita I've always believed that you Mali Niger and Burkina Faso will go far because your thoughts are first for your people may you 3 countries go from. Strength to strength
Thank You very much. Yes, I found it very informitive. I understand better now and am quite happy Brics + is gathering momentum now. Peace, Neutrality and Honest Prosperity.
As a Chinese, to be honest, over the past 8000 years (The latest archeological evidence shows that before the Xia Dynasty, the Yu Dynasty already had exquisite ceramics and initial Chinese characters, as well as exquisite bamboo frames for radioactivity detection, exactly the same as today.) The world has been at the top of the world, 200 years of humiliation, and the world has probably forgotten. The Chinese will bring peace and development to the world, just as the Tang Dynasty did, and make a great contribution to world civilization. Apart from football, we have confidence in the future. First, the Jews at the forefront of the class and the bloodsuckers. In the future, the dollar will fall like the Soviet ruble. That is the price the dollar paid for plundering the world. Now it is time to pay back. The world should be wary of Trump's readiness to use Bitcoin instead of dollars.
After China's brokered Saudi Arabia and Iran resumed a cordial relationship and reopened their embassies, There is no more a need for the SA to be protected by the US militarily at a cost. In addition, BRICS+, in which SA is a new member, countries are distancing from using the US$ in their trades
Sir your way of representing is excellent,I have one request to you if possible sir please make daily the Hindu analysis of UPSC preservatives,it will be very helpful for the learner's like me . please consider sir if possible it's a humble request 🙏🙏
The dollar will remain the petrodollar for the foreseeable future and beyond. The Saudis cannot protect themselves, they need a protector which the US accepts this role. No other currency can withstand the global trading fluctuations like dollar.
Hi Amit, I noticed some places rebutted the claim that there is indeed an agreement between Saudi and America to use dollars in the petroleum trade exclusively. Where can I find evidence that such agreement was made?
Invest in Bitcoin before retiring by diversifying across assets, allocating a small portion of your portfolio, staying updated on market trends, and considering long-term holding to balance risk and growth!
I recently sold half my tech stock holdings due to all-time highs, leaving me with $400k. Should I invest in ETFs now or wait for a market correction considering potential inflation?
From $37K to $45K that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.
Our Congress seems disconnected from the feelings of many Americans. Many individuals are frustrated with the current administration. It's disheartening to see so many people struggling to make ends meet.
In these peculiar times, the US dollar presents a paradox. Inflation is chipping away at its value, yet it’s gaining strength against other currencies and assets like gold and real estate.
Hi, this was very interesting and well made. Thank you! BUT please don't speek that fast. For not native english speaking persons it might be hard to understand. I think you speak increasingly fast in this video.
Amit 👍❤. Friendship with USA may be crucial now to survive in their own geographical location. Further, as a bricks member, Saudi Arabia has some responsibility too.
This is a hot topic for views. And all of them are posing as there existed a dollar deal and most importantly the KSA news media hasn't expressed they are withdrawing dollar deal.
Saudi Arabia currency is already pegged to USA dollar. This might have some long term impact on USA printing more currency, while exporting inflation to other countries, but i thing dollar is going no where.
The US dollar had replaced the British pound sterling as the predominant global reserve currency in the 1920s; more than 20 years before Bretton Woods.
This petrodollar agreement started during the Oil crisis of the 1970s.. In the same period, the powerful countries G7 was formed and made the US the sole negotiator for crude oil exports from the Middle East... The USA has shifted its global standing on idealism and begun to approach the monarch of the Middle East.. The Saudi Aramco we know today was an affiliate of Standard Oil company then...It is simple you sell oil in dollars in return we provide infrastructure and security.. Over the years, the US started pumping out more oil from their land itself making their import stagnate on the other hand Asian giants who don`t have their oil resources need to depend on Saudi more and the renewable policy of the West also impacted the oil trade which made Saudi to diversify its customers... At the same time Now Saudi Aramco is taken over by the Saudi govt...
@@Adam-wg2rf اكيد راح يطول كم سنة حتى يبداء المعسكر الشرقي بل عمل الصين وروسيا وحلفائهم بنظام مالي عالمي جديد . تدمير هيمنة الدولار يا رجل انضر الى ديون امريكا😂😂😂😂😂😂
Renewables are real, the transition to new energy will reshape the world economy again. California, 5th largest economy on the planet just demonstrated fossil fuel free power management. So oil is becoming slowly a commodity of the past - cheers to Saudi for realizing and diversifying its connections and trading flexibility in this world. China is by far leading in new energy installations and NEV. the world needs to embrace cooperation and spread the new products worldwide
The author missed the change in oil sources and production in the past 40 years. What percentage of overseas oil did the U.S. import from the Middle East in the 1970’s as compared with 2024? Big changes! Foreign policy reflects the change in priorities.
Price of oil is still be calculated based on USD, and other countries will be paying based on conversion rate, thus dollar is still continuing to enjoy its status.
I think US is energy independent after they came up with fracking which is a method used to extract oil and natural gas from shale and other types of tight rock formations.
Their was no agreement for SA to sell in dollars. They can sell in whatever currency they want the deal was to invest their profits in the US in exchange for protection and weapons which both sides benefited from.
@@NoExpertHerethere is nothing much they can when those with resources are aligning with BRICS, and many countries are working on owning nuclear too. Their options will be renegotiation of trade deals.
Hi Amit sir. i discovered this channel a few years ago and you and your channel have truly grown. We appreciate your videos. thankyou so much 🙏🏻
It would be really good if China and Russia India worked together ❤❤ we will dominate the world just like western or i5 dominate right now 😢
This is the most lucid explanation about the termination of petrodollar agreement and its pros and cons. Many thanks. This is another big leap towards dedollarisation.
Fake news alert: Saudi Arabia is not going to stop selling oil in US dollars (USD), and they're not ending any petrodollar pact. In fact, there is no petrodollar pact, secret or otherwise. So, there's nothing to renew (or not renew). Nor is there any “paradigm shift” shift in global finance.
There was never a petrodollar agreement.
@@cubansoy Pretty much but people like this too busy looking for the illuminati to listen to reason
@@cubansoy not an official one
@@cubansoy Correct, it served the US & Saudis well. But, TG it's over, creating a more equitable world, ideally.
Weoponising the dollar will eventually end the dollar.
Uncle Sam is tired of the dollar being the reserved currency and it seems like their goal is achieved. 😂😂😂😂
Brian. Yes that's it. It's the US that got tired of exporting it's debt.
Clown comment Brian.
@@Samuel-hd3cp Isn't Uncle Sam's the one on cloud nine now that the world is dedollarizing? All those dollars are going back to the States and Americans are going to get very, very rich like Trump said he was. 🤑🤑🤑🤑🤑
US have weaponised the dollar for 50 years enough is enough. The colonial thieves have invaded enough countries to steal the resources from those countries.
Saudi Arabia was under the wing of America always pumped up with weapons, and looked what happened, the next will be Taiwan after they can't effort to buy🎉anymore USA weapons and once America shifts all the chip plants to the USA, Taiwan will be just like Saudi Arabia getting rid off the dollar. Most of those chip workers will detect too China sooner than expected.
History is never boring . You make history very interesting. People like me started showing so much of interest on history
Thankyou sir!
I don’t know why you never ask people to like and subscribe to your channel.
Guys, it’s our moral responsibility to appreciate good work.
The best news of the month!
Its still trading at 84 in india and going strong everywhere. Seems like your future generations will have to further live under its dominance
You forgot the main possibility, that is 50 years ago USA was KSA’s biggest customer of their oil. Fast forward to today, China now is the biggest buyer of KSA’s oil. So why would KSA, still price their oil based on USD if their no.1 customer is not USA??
Please see the full video. He has mentioned that.
USA has gotten its self in a pickle it seems… 80s 90s China was full of rice Paddie’s with men tilling the land with rolled up pants and straw wide triangular straw hats… now they’rea super power that can reek havoc on any country thanks to the American Business man that thought the can increase their profits buy building their businesses in China and replacing American
jobs in particular manufacturing. It’s been done before with Taiwan,
Mexico, Philippines, Japan and so on… but China did a major flip of the script; with Chinas 1.43 billion people vs USA 300 million people, its become a power house with sheer numbers alone (imho) this is what and what’s happening. Thanks American businessmen.😢 also if your sleeping with the enemy never underestimate their intentions , 101.
Rightly said, also China is the most competitive exporter that makes petro yuan the most suitable alternative to the US dollar for Saudi.
Becauss Saudi currency is pegged to USD? Because Saudi is dependent on USA for their security against Iran and its proxies?
China pegs to the dollar
Thanks for this analysis.
The best yt channel for geopolitics , this channel is a gem mine for upsc candidates.
Go Saudi Arabia. Support from Americans.
Great information and explanation of the petrol dollar.
Everything have the beginning and end, in this case hegemony and weaponising currency.
I'm seriously considering joining your VIP group because I know that your strategies are truly game-changing. Thank you for all the incredible work you do!
Very good narratives please keep speaking geo politics. Thanks
There never was a formal document/contract of the petrodollar deal. Am I right? Also, Saudi Arabia has been selling Oil in other currencies as well in the past? Am I right? I am not refuting your views - my questions for you. Does anyone have a copy of the Deal/Contract paperwork? I do love your channel.
I have been following ur videos from last couple of years and i find them very much informative and interesting.
So my request is that if u could get these videos dubbed with hindi vocal , that would be of much help to the larger people and they need it badly.
I really enjoy your informative and well organized videos, thanks 😊
Hello Amit sir! Appreciate your videos. This particular story that you have covered (petrodollar arrangement) it has been termed misleading by various outlets stating that there was no such agreement between the two countries.
ur 1 of the best political analyst today!
Thank you Goita I've always believed that you Mali Niger and Burkina Faso will go far because your thoughts are first for your people may you 3 countries go from. Strength to strength
Well explain, with more details,.
Thank you
Thank You very much. Yes, I found it very informitive. I understand better now and am quite happy Brics + is gathering momentum now. Peace, Neutrality and Honest Prosperity.
As a Chinese, to be honest, over the past 8000 years (The latest archeological evidence shows that before the Xia Dynasty, the Yu Dynasty already had exquisite ceramics and initial Chinese characters, as well as exquisite bamboo frames for radioactivity detection, exactly the same as today.) The world has been at the top of the world, 200 years of humiliation, and the world has probably forgotten. The Chinese will bring peace and development to the world, just as the Tang Dynasty did, and make a great contribution to world civilization. Apart from football, we have confidence in the future. First, the Jews at the forefront of the class and the bloodsuckers. In the future, the dollar will fall like the Soviet ruble. That is the price the dollar paid for plundering the world. Now it is time to pay back. The world should be wary of Trump's readiness to use Bitcoin instead of dollars.
Very much good explanation sir,pls do bring out more such of these type of videos❤
Nice to see you back. Vandemataram
After China's brokered Saudi Arabia and Iran resumed a cordial relationship and reopened their embassies, There is no more a need for the SA to be protected by the US militarily at a cost. In addition, BRICS+, in which SA is a new member, countries are distancing from using the US$ in their trades
Things are not so simple. Enemity still exists.
very informative and thank you for your wonderful narrative.
Thanks for bringing more clarity
Very good information, well presented and explained A very good move by Saudi Arabia.
Good teacher ❤ thank u sir
Sir your way of representing is excellent,I have one request to you if possible sir please make daily the Hindu analysis of UPSC preservatives,it will be very helpful for the learner's like me . please consider sir if possible it's a humble request 🙏🙏
Jai guru great master antarik pranam you are the universe teacher and video univarsal truth 👍🏽🌹👌🏽🙏🏽
The end of western hegemony🔥💯
The dollar will remain the petrodollar for the foreseeable future and beyond. The Saudis cannot protect themselves, they need a protector which the US accepts this role. No other currency can withstand the global trading fluctuations like dollar.
There is no petro dollar signed document ... Nobody has shown the signed document until now
Hi Amit, I noticed some places rebutted the claim that there is indeed an agreement between Saudi and America to use dollars in the petroleum trade exclusively. Where can I find evidence that such agreement was made?
Tq sir, your videos are very informative
How will this effect affect the US Military Industrial Complex?
Now saudi arabia needs Democracy 🦅🦅🦅🦅
Yes, the LGBTQRSTUVWXYZ+ will soon be conducting Pride parades around Mecca once Uncle Sam "liberates" Saudi Arabia. 🌈
Very educational and informative video. Thanks for the upload :)
do a video on rothschild and their influence
I'd love that and surely many others are also in the dark about the granddaddy of Capitalism, yes?
Very nice presentation. Look forward for more n more of yours.
Good of KSA.Make a paradigm shift in global geo politics.
ONE OF THE BEST TEACHER ❤
What is the impact on American Banks and Indian software industry post dedollarization
03:15 Pound and Yen symbols are incorrect.
Both are reserve Currencies and THEREFORE
have TWO lines in the symbol -
thanks for the update👍
Plz invite Dr. Ankit Shah as he is brilliant in geopolitical predictions.
hello sir, how long will it take for the world to get diversified?
Good information but sorry to say that you are late in bringing out this information as it is already in the news for last 15 days
Great analysis 👍
Thaaannnk Yooouuu BRICS ❤️ 💚 💜
Very informative.
Now they must kick troops out of Saudi (Pronto).!!!!
Many thanks to you sir, for the video.
Excellent work loved it
What happened to New Zealand? Why?
Under Down-under 😂😢🙃
Wow😱Sir,
Try to upload everyday if you're free. I wait for your videos only
Very informative!
But Saudi never signed any agreement as far as i know .is there any proof of the agreement?
0:49
Invest in Bitcoin before retiring by diversifying across assets, allocating a small portion of your portfolio, staying updated on market trends, and considering long-term holding to balance risk and growth!
Successful investment starts with clear goals and risk assessment, often best done with a financial advisor's help
I recently sold half my tech stock holdings due to all-time highs, leaving me with $400k. Should I invest in ETFs now or wait for a market correction considering potential inflation?
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Celebrating a $30k stock portfolio today from a $6k start. Investing wisely has given me time for family and future plans.
From $37K to $45K that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.
Well explained
Our Congress seems disconnected from the feelings of many Americans. Many individuals are frustrated with the current administration. It's disheartening to see so many people struggling to make ends meet.
In these peculiar times, the US dollar presents a paradox. Inflation is chipping away at its value, yet it’s gaining strength against other currencies and assets like gold and real estate.
Thank you sir...
Will this make US reevaluate its policy towards Venezuela?
You are bang on target.. Very useful video 👍
Hi, this was very interesting and well made. Thank you!
BUT please don't speek that fast.
For not native english speaking persons it might be hard to understand.
I think you speak increasingly fast in this video.
There is no official petro dollar. Saudi Arabia reserves are still primarily in US dollars and that won’t change anytime soon.
Saudi arabia currency is literally pegged to the USD.
Well, isnt Saudia's oil wheels have been dried? Replaced by other Asian, North Europe, Africa and north to South America?
Thanks for sharing
Amit 👍❤. Friendship with USA may be crucial now to survive in their own geographical location. Further, as a bricks member, Saudi Arabia has some responsibility too.
This is a hot topic for views.
And all of them are posing as there existed a dollar deal and most importantly the KSA news media hasn't expressed they are withdrawing dollar deal.
Saudi Arabia currency is already pegged to USA dollar. This might have some long term impact on USA printing more currency, while exporting inflation to other countries, but i thing dollar is going no where.
Excellent
No more USD paper currency ,no more war.
If the US government can print dollars at will, then why does it have to sell bonds to borrow dollars from investors?
That's very informative, Amit👍
The US dollar had replaced the British pound sterling as the predominant global reserve currency in the 1920s; more than 20 years before Bretton Woods.
Great reporting summed up everything nicely
Excellent admin
This petrodollar agreement started during the Oil crisis of the 1970s.. In the same period, the powerful countries G7 was formed and made the US the sole negotiator for crude oil exports from the Middle East... The USA has shifted its global standing on idealism and begun to approach the monarch of the Middle East.. The Saudi Aramco we know today was an affiliate of Standard Oil company then...It is simple you sell oil in dollars in return we provide infrastructure and security.. Over the years, the US started pumping out more oil from their land itself making their import stagnate on the other hand Asian giants who don`t have their oil resources need to depend on Saudi more and the renewable policy of the West also impacted the oil trade which made Saudi to diversify its customers... At the same time Now Saudi Aramco is taken over by the Saudi govt...
Thanks for the synopsis...very informative. I didn't know the full story!
We are proud of our bricks countries 👏 and the new members that joined in January 2024 its high time the dollar must drop from South Africa
That's good about time
Pl provide a seperate video on Impact of dedollarisation for India ; Also , who will trust BRICS ; ( China particularly)
نهاية الدولار ورجوع الذهب الى مكانه الاصلي😊
Let me tell ya that it's not going to happen the gold part, is abit too far.
@@Adam-wg2rf اكيد راح يطول كم سنة حتى يبداء المعسكر الشرقي بل عمل الصين وروسيا وحلفائهم بنظام مالي عالمي جديد . تدمير هيمنة الدولار يا رجل انضر الى ديون امريكا😂😂😂😂😂😂
@@jacoiraqgam5535i was talking about the gold.
But some people saying that there was no such formal agreement between usa and saudi❤
Renewables are real, the transition to new energy will reshape the world economy again. California, 5th largest economy on the planet just demonstrated fossil fuel free power management. So oil is becoming slowly a commodity of the past - cheers to Saudi for realizing and diversifying its connections and trading flexibility in this world. China is by far leading in new energy installations and NEV. the world needs to embrace cooperation and spread the new products worldwide
The author missed the change in oil sources and production in the past 40 years. What percentage of overseas oil did the U.S. import from the Middle East in the 1970’s as compared with 2024? Big changes! Foreign policy reflects the change in priorities.
Price of oil is still be calculated based on USD, and other countries will be paying based on conversion rate, thus dollar is still continuing to enjoy its status.
I think US is energy independent after they came up with fracking which is a method used to extract oil and natural gas from shale and other types of tight rock formations.
Always with good details ❤
Their was no agreement for SA to sell in dollars. They can sell in whatever currency they want the deal was to invest their profits in the US in exchange for protection and weapons which both sides benefited from.
Some US media are now spreading propaganda that there is no such thing as petrodollar. 😂
this should be the #1 story everywhere, this is a huge upheaval and every system will be rattled by this
Not for long. I feel, once this Ukraine war is over, Usa(allies) and Isarel will come for Saudi. I can see it coming.Saudi going the Iraq way.
Trump is going to Win. Trump is very aggressive. Saudi knows it. Saudi might sign the deal after Trump wins to avoid consequences.
The West will not do anything, as China, Russia and even Iran would support KSA.
That's not a war you can win!
@@NoExpertHerethere is nothing much they can when those with resources are aligning with BRICS, and many countries are working on owning nuclear too. Their options will be renegotiation of trade deals.
Excellent analysis.... as always
Military assistance and financial security is with china as leading customer now , secondly brics group against sanctions based on Dollar.
Thank you sir
Euro vs dollar! Interesting times ahead. Ukraine to Gaya!!😂
RIP💀
Not one day dude, as you said it had an expiry date which implies both parties were well aware the expiry date is closing in.
In short, BRICS means more, simpler and fairer trade🇧🇷🇷🇺🇮🇳🇨🇳🇿🇦
Many says, there was not any written agreement of oil and dollar
Hi sir
Your voice is so good
And your slow explanation sir