Will KSA move away from Dollar?

[jamal18]

Dumping the dollar is an act of war. The moment the dollar is no longer the world currency, the US is no longer a world power.

 

[My-Analogous]

A serious comment to a post whose hypothesis is that an all-time low in a relationship (untrue, but even so) equals walking way from the dollar?

Serious answer= NO. Countries don't choose to transact in US dollars-based on feelings and emotions. It's based on the currencies strength, liquidity, value, availability and resilience

Whole already have option to go with either Gold or Dollar currently. Making other alternative other then Dollar is possible even now

 

[KurtisBrian]

according to Ayn Rand, Saudi Arabia broke oil contracts with US companies to nationalize (steal) all the oil.
Response? USA did nothing. So US would probably do nothing again.

Ayn Rand on Oil Monopoly

Iakovos Alhadeff Journalist: You do not believe in government intervention. You believe in the free market. Do you therefore believe that the oil rich countries, which have monopoly power in the o…

iakal.wordpress.com

 

[ZeEa5KPul]

Lol no. Saudi Arabia is a wholly owned subsidiary of the US - it couldn't exist without US protection, Iran would knock it over in a week.

 

[rent4country]

Whole already have option to go with either Gold or Dollar currently. Making other alternative other then Dollar is possible even now

What

 

[crankthatskunk]

no, trillions of oil transactions sitting in US banks. Plus drifting away will be act of war.

Ok, thanks for describing the game.
Thus, all those wars were fought because some were thinking, decided or about to drift away.

All that BS of "Democrazy", threat to the world peace, "terrorism" etc are just fig leaves to cover the naked aggression and illegal wars.

 

[CrazyZ]

US 30-Year Bond Auction Sees Solid Demand, But Foreign Buyers Plunge

The U.S. Treasury sold $24 billion in 30-year bonds Thursday, wrapping up a week where $120 billion in new paper was released into the market, marking one of

www.thestreet.com

Foreign purchases of USA bonds has dropped big time this year.....despite higher oil prices (MBS and the GCC is sending a message, IMO). Pissing off big trade surplus countries like China, Russia, and now KSA/GCC will have long term negative economic consequences for USA, IMO. Japan and Britain are shells of their former selves. Germany is invested in the Euro. Can the fed buy all USA bonds?? Not sure.

KSA/GCC have too much already invested in the dollar but I think they are smart enough to start hedging their bets. Investing in a regional/Islamic economic bloc makes a lot of sense considering global demographics over the next century. East Asia, Europe.....even India and Bangladesh will be in demographic decline over the next century. ME and NA will continue to have large growing populations.....it just needs more stability. Hopefully with the USA focused on the Indo-Pacific the ME can see less war and more prosperity, IMO.

 

[LeGenD]

Any country that have trade relations with USA cannot move away from USD in full capacity due to obvious reasons and a large number of countries accept transactions in USD anyways (easy-to-do; not many terms and conditions involved). Many invest in American T-bonds as well. USD reserves are maintained for multitude of reasons in fact.

USA would rather welcome alternative exchange models in competitive capacity because very strong USD makes it impractical for American industries to remain competitive in global markets. China does not have this problem in comparison. Nothing is too good in economic terms; there are trade-offs to consider.

 

[HAIDER]

Any country that have trade relations with USA cannot move away from USD in full capacity due to obvious reasons and a large number of countries accept transactions in USD anyways (easy-to-do; not many terms and conditions involved). Many invest in American T-bonds as well. USD reserves are maintained for multitude of reasons in fact.

USA would rather welcome alternative exchange models in competitive capacity because very strong USD makes it impractical for American industries to remain competitive in global markets. China does not have this problem in comparison. Nothing is too good in economic terms; there are trade-offs to consider.

some say crypto is brainchild of US treasury..lol

US 30-Year Bond Auction Sees Solid Demand, But Foreign Buyers Plunge

The U.S. Treasury sold $24 billion in 30-year bonds Thursday, wrapping up a week where $120 billion in new paper was released into the market, marking one of

www.thestreet.com

Foreign purchases of USA bonds has dropped big time this year.....despite higher oil prices (MBS and the GCC is sending a message, IMO). Pissing off big trade surplus countries like China, Russia, and now KSA/GCC will have long term negative economic consequences for USA, IMO. Japan and Britain are shells of their former selves. Germany is invested in the Euro. Can the fed buy all USA bonds?? Not sure.

KSA/GCC have too much already invested in the dollar but I think they are smart enough to start hedging their bets. Investing in a regional/Islamic economic bloc makes a lot of sense considering global demographics over the next century. East Asia, Europe.....even India and Bangladesh will be in demographic decline over the next century. ME and NA will continue to have large growing populations.....it just needs more stability. Hopefully with the USA focused on the Indo-Pacific the ME can see less war and more prosperity, IMO.

they late to invest...they should have build oil cities in Pakistan and India 30 years ago.

 

[HAIDER]

Ok, thanks for describing the game.
Thus, all those wars were fought because some were thinking, decided or about to drift away.

All that BS of "Democrazy", threat to the world peace, "terrorism" etc are just fig leaves to cover the naked aggression and illegal wars.

Who is taking away Syria oil, who is taking away Libyan oil ... Why all major buyers use dollar as transaction.

 

[CrazyZ]

some say crypto is brainchild of US treasury..lol

they late to invest...they should have build oil cities in Pakistan and India 30 years ago.

Not really. Demographic decline will cut the "Asian Century" short.....India included. MENA/Islamic world has a chance to power the global economy 75-150 years from now....With huge amounts of both labor and natural resources and positive birth rates.

Fiat currencies of the all major powers are trash (it not just the dollar). KSA/GCC, Arab, Turkish, Iranian, and Pakistani leaders would be wise to seriously consider working toward a regional bloc.....with a huge capacity to produce/consume in house and a digital gold based currency. It makes pragmatic sense considering the turbulence that will continue in the global balance of power, IMO.

 

[Dalit]

The monarchy in KSA depends on the US for its existence. The KSA would rather amputate limbs than ditch the dollar.