Saudi Arabia deciding to end the 50 year petrodollar agreement is a huge blow to US Dollar as the global reserve currency. This plus the continued debasement will further weaken USD. Perhaps it’s time to look into #Bitcoin
I believe the Saudis ditching the petrodollar system is MAJOR step away from USD fiat hegemony. I also believe the US can maintain its global leadership roll by fully embracing #Bitcoin. #Bitcoin mining defending cyberspace (see Jason Lowery) and stacking #Bitcoin in the US Treasury.
https://www.bizcommunity.com/article/saudi-arabias-petro-dollar-exit-a-global-finance-paradigm-shift-670911a
mleonardi247 / Michael Leonardi
npub1x3…4t5gr
2024-06-12 17:16:31
Author Public Key
npub1x3yzp4dm6mx7mmwrtwhwqfx7ey9zn8uat8dy06rkdf6jh8rdmjwsq4t5grPublished at
2024-06-12 17:16:31Event JSON
{
"id": "db436464d9ea3cbd3615cb49dcb06e653746c89ebbd0ad5d122ea676b486de58",
"pubkey": "344820d5bbd6cdededc35baee024dec90a299f9d59da47e8766a752b9c6ddc9d",
"created_at": 1718205391,
"kind": 1,
"tags": [
[
"t",
"Bitcoin"
],
[
"t",
"Bitcoin"
],
[
"t",
"Bitcoin"
],
[
"t",
"Bitcoin"
]
],
"content": "Saudi Arabia deciding to end the 50 year petrodollar agreement is a huge blow to US Dollar as the global reserve currency. This plus the continued debasement will further weaken USD. Perhaps it’s time to look into #Bitcoin\n\nI believe the Saudis ditching the petrodollar system is MAJOR step away from USD fiat hegemony. I also believe the US can maintain its global leadership roll by fully embracing #Bitcoin. #Bitcoin mining defending cyberspace (see Jason Lowery) and stacking #Bitcoin in the US Treasury.\n\nhttps://www.bizcommunity.com/article/saudi-arabias-petro-dollar-exit-a-global-finance-paradigm-shift-670911a",
"sig": "5e6b0ef4214dfaadc5418f474367c19b16f846c466497c940caa2f8d883e0c00a5d8f4da58c96269c79fab135d576d5f010f24119ad1cb0cd846920d84896f3d"
}