Posted by Neil Hague - memes and headline comments by David Icke Posted on 23 June 2024

Saudi Arabia: The Petrodollar, China, and CBDCs

Recent viral reports claim the United States and Saudi Arabia have ended their long-standing petrodollar agreement. Are these claims based in fact? And what do recent agreements between the Saudi Kingdom and China mean for the U.S. dollar?

On June 9th, 2024, a 50-year old agreement between the United States government and the Saudi kingdom expired, sparking viral claims about the end of the “petrodollar” and U.S. dollar dominance. The news has resulted in hundreds of blogs, articles, and news reports discussing the potential implications for the relationships between the two nations. This scrutiny comes right as a newly released 9/11 tape appears to show the Saudis were aware of plans to attack the U.S. at least two years before the September 11th attacks.

However, on closer examination, the petrodollar situation is more nuanced, with the U.S. and Saudi Arabia continuing to partner while the Saudis prepare for new arrangements with China.

Read more: Saudi Arabia: The Petrodollar, China, and CBDCs 

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