The Petrodollar Agreement will cease as Saudi Arabia moves towards a Chinese global economic dominance with BRICS. In 1974, just three years after the U.S. abandoned the gold standard, Saudi Arabia agreed to sell oil exclusively in U.S. dollars in exchange for U.S. military, security, and economic development assistance. Saudi Arabia is now expected to announce that it will cease all oil sales in U.S. dollars, ending the 50-year Petrodollar agreement, which will expire June 9, 2024. The country is the third most valuable natural resource reserve in the world. It holds the second-largest proven petroleum reserve and the sixth-largest measured natural gas reserve. It is also the number one exporter of petroleum in the world.

We reported in October 2022, Saudi Arabia joining BRICS would most likely result in the end of the petrodollar and subsequently be devastating to U.S. economic authority. https://sovren.media/p/210083/da0e821373dfffc8ad2dc194d35b7321

China's global economic initiative, BRICS, now comprises over 44% of the world's population and holds more than 25% of the world's GDP. What is perhaps more threatening to the U.S., is their impressive advance systematic, long-term strategy that includes the nation’s dominance of the REE ( Rare Earth Elements) chain. REE's are an essential component in “green” technology that fuel the campaign against climate change. REE's represent a global commodity value chain capable of rivaling petroleum and potentially threatening to erode U.S. hegemonic authority. China has spent decades of careful maturation of the extraction, refining , and manufacturing processes to ensure its near absolute monopolistic control over the "fuel of the future." China has recently accounted for 60% of minded production, 85% of processing capacity and 90% of permanent magnet production.

The shift away from fossil fuels continues to create market share prospects in the energy sector. The United States is far from poised to compete with China for this exponentially expanding economic opportunity. With the eroding of the U.S. dollar by BRICS and lack of confidence due to rumours like civil war, is the loss of U.S. economic dominance inevitable?


"We are here, define the claims made by these medical organizations in the US, that those of us who are concerned are minority and that their protocols are consensus. They are not consensus. We are speaking in loud and unified voice, enough.



Ten days before Oct. 7th — and again three days before — Egypt's intelligence officials repeatedly warned the Israeli government of an impending attack from Hamas.

Egypt's premier intelligence minister even personally warned Netanyahu that Hamas was planning "something unusual, a terrible operation."

Israeli civilians and military officials also brought these warnings to Netanyahu's government, but were ignored and, in some cases, threatened with legal action.

But why? We explore this question in never-before-seen detail in this week's episode of "Reckoning: Israel and Gaza".