BOOM! Saudis Threaten To Dump USD-Oil Trades Over OPEC Anti-Trust Bill

Three year ago - almost to the day - Saudi Arabia rattled its first sabre towards the United States, with an implicit threat to dump US Treasuries over Congress' decision to allow the Saudis to be held responsible for the 9/11 attacks.

In a stunning report at the time by the NYTimes, Saudi Arabia told the Obama administration and members of Congress that it will sell off hundreds of billions of dollars’ worth of American assets held by the kingdom if Congress passes a bill that would allow the Saudi government to be held responsible in American courts for any role in the Sept. 11, 2001, attacks.

Then, six months ago, the Saudis once again threatened to weaponize their wealth as the biggest importer of arms from America in the world.

And now, Reuters reports, citing three unidentified people familiar with Saudi energy policy, Saudi Arabia is threatening to drop the dollar as its main currency in selling its oil if the U.S. passes a bill that exposes OPEC members to U.S. antitrust lawsuits.

While the death of the petrodollar has long been predicted (as the petroyuan gathers momentum), this is the most direct threat yet to the USDollar's exorbitant privilege…

“The Saudis know they have the dollar as the nuclear option,” one of the sources familiar with the matter said.

“The Saudis say: let the Americans pass NOPEC and it would be the U.S. economy that would fall apart,” another source said.

Riyadh reportedly communicated the threat to senior U.S. energy officials, one person briefed on Saudi oil policy told Reuters

As Reuters details, NOPEC, or the No Oil Producing and Exporting Cartels Act, was first introduced in 2000 and aims to remove sovereign immunity from U.S. antitrust law, paving the way for OPEC states to be sued for curbing output in a bid to raise oil prices.

However, if a long-standing U.S. ally such as Saudi Arabia joined the club of non-dollar oil sellers it would be a far more significant move likely to gain traction within the industry.

Perhaps this explains why Russia has been dumping dollars in favors of gold in recent months…

zerohedge.com/news/2019-04-04/petrodollar-panic-saudis-threaten-dump-usd-oil-trades-over-opec-anti-trust-bill
web.archive.org/web/20190405023738/https://www.zerohedge.com/news/2019-04-04/petrodollar-panic-saudis-threaten-dump-usd-oil-trades-over-opec-anti-trust-bill

Attached: Saudis Threaten To Dump USD-Oil Trades Over OPEC Anti-Trust Bill.png (500x423, 152.99K)

but russia's our friend. trump said he didn't know why they wouldn't be, right?

Your delusional if you actually think the US has been friendly with Russia recently. No, we have not. We have only been pissing them off more with more sanctions and threats. Nothing has changed in relations. You can calm down. Russia is only doing what is best in their own interests. If we have anyone to blame for them dumping our currency in trade, its our stubborn government and the Russiaphobes.

Maybe if we just got along, and commenced trade with them, they wouldn't be dumping the dollar and stockpiling gold? Who knows. Who cares. We made our bed, we'll lie in it.

>>>/prepare/1

At the rate we are going today, and all the corruption and fraud and lies and wars and degeneracy and despotic attitude, America deserves to collapse like the Soviet Union did.

It will end up with mass death unfortunately but you know what? Its too late to fix a lot of our problems today. Just too late. Sad to say that. Be prepared for the worst, never give up those guns peacefully.

ZeroHedge peddles fear porn. Stop screeching about the end of us all.

Nope. All factual events going on, sorry you can't handle it or don't like admitting to reality.

lol. when you have an original criticism and not a chant to yell let me know.


good. the more countries who leave it the better. let the beast fall. not sure about a petro"yuan" but -dollar does the world no good.

i am bored by boring article,(sac)
title is even too boring to read

OP is a boorish bore

It's BS propaganda for sheeple public who don't know what treasuries are.
Treasures can't be dumped/sold off, you have to hold them to maturity, and you can't sell them on the secondary market.
Don't here's no "dumping" of them, it's BS.
The Saudis may not acquire any treasures in future but who cares, the money they don't lend to the fed will just get spent on US weapons.

The money the treasure wants they will still get, every treasures action there is more money being offed by lenders than what the treasury is asking for, Saudi is talking my BS

I meant -
The money the treasure wants they will still get, every treasury auction there is always more money being offed by lenders than what the treasury is asking for, Saudi is talking my BS

CCCP had entirely different circumstances than the US does today. They actually had their own industry and vast warehouses. The US has very little industry (most stuff is manufactured in China), and very little reserves due to the modern JIT logistics. So any kind of collapse will probably be felt much more deeply.
But it's unlikely the jews want to crash the US with no survivors at this time. For starters, it's their attack dog for controlling the rest of the world. And they haven't yet carved out enough land for Greater Israel. But there will probably be more financial crisises on the scale of 2008 (or worse), and then more bullshit about "too big to fail".

At its height the CCCP had an industrial output of 63 billion.
The USAs industrial output is 12 times higher. 776 billion.

Here's the problem, the biggest industries we have - by far - all deal with supplying the government and military industrial complex with supplies, routinely. Our biggest industry is weapons and surveillance technologies today.

We have very little productive industry left for average workers. Most factories and mills are closed up, most manufacturing outsourced, we no longer make decent cars anymore (America was once notorious for manufacturing incredibly high quality, bad ass vehicles - NOT anymore!), our agricultural industry is dying, everything left over is Big Tech shilling IoT spy-crap that half the population doesn't even want in their own homes!

I don't think this qualifies for a prosperous nation, especially the fact that we have pissed off so many allies over the years they are flipping to our Eastern competitors for non-dollar based trade!

America needs to get its shit together, our current policies SUCK and are creating failure after failure after failure and almost no one wants to accept this reality. We either get our shit together, or we become third world! Which is it going to be?

This post was great until the very end when you admonished that we might “become” a third world country and then asked whether the country will log the forests again and sell good cars or stay world police and treat the people stuck inside the country worst of all, essentially. As if there is a choice to be made.

What a fag.

I wouldnt disagree with your main points.
But it isnt totally accurate to say the US has no industry.

For example even today the USAs industrial output dwarfs the output of China.
Thats not to say that it shouldnt be even higher. Most US companies will outsource everything they possibly can to china, but theres always lots of stuff you cant out source.


Cars wise, American cars are too big for most countries and are suited to straight roads in America.

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There is a choice, one would be voting out ALL political incumbents and routinely replacing them every election to throttle and stall this corrupt system as much as possible. Also we need to start becoming self-sufficient again and taking matters into our own hands. Opt out of the system, learn to become self-sufficient as much as possible. Perhaps form groups with like-minded people to homestead with if need be, or join gangs if thats all you know how to do independently from the system….. either way, the current system is a disease and its going to bring everyone down with it. We need to accept that fact, and do our best to plug the massive leak on this sinking ship…. or grab a lifeboat and bail from it before it all goes down. We are running out of time and have only a few choices left. As Zero Hedge points out beneath their logo: "on a long enough timeline the survival rate for everyone drops to zero."

All I know is that when I go to a typical store, almost 3/4ths of everything made come from Mexico, Taiwan or China. Thats not a very good sign. Not to mention I have drove by numerous shut down factories over the years, where back int the 70s and 80s were still operating.

What about the ones in Brussels and throughout Europe? Didn’t Hitler make the mistake of thinking you could run the baddies out of one place and not feel the wrath of everyone else?

If the system is inevitably going down, no need to vote them out. I can focus on my own pleasures or become a hillbilly Howard Hughes.

>(((Saudis))) Threaten To Dump USD
Oh look, greatest ally at it again.

you seem to think that I think the russia situation is bad. No, they deserve every sanction imposed on them. They were always our enemy. For some reason trump is willing to give russia a pass and suck putin's cock every chance he gets. When's the last time a POTUS sided on the "word" of a KGB agent over his own CIA? Trump's a fucking traitor and deserves to hang. He thinks he's doing some great thing giving russia a pass on every disgusting thing they've perpetrated on teh US and her allies, but all he really is the WEAKEST president when it comes to foreign relations we've ever seen. Everyone is walking all over him and the world has turned it's back on the US. Trump is a failure on every level.

but at least he put some tarriffs on canada because they're a national security risk because reasons and is such a great dealmaker both canada and mexico refuse to ratify USCAM unless the tarriffs are lifted

I never understood why the US has treated the Saudis as an ally.

Oil + Military staging bases + listening posts + they buy a lot of US military hardware which they can't figure out how to use or maintain

The US shouldn't have ANY allies in the Middle East, the whole continent is disease.

This is your mind on CNN.

Nothing has ever changed in relations between the US and Russia fool. Trump treats them the same way Obama did, continually slapping more and more sanctions on them as time flies by. Doesn't matter, Russia is now doing non-dollar trade with China and Iran, so they are simply bypassing the sanctions now. And the non-dollar trade platforms are only growing as time goes on. You don't have to worry about your boogeyman, you successfully sent them packing elsewhere. Very soon you'll be bitching at the whole world as more and more countries are flipping East too. Enjoy isolation, fool.

We didnt do anything. Its the butthurt Israeli lobby that keeps this shit up.

Oil. And they were apathetic about the Israeli-Arab Wars during the Cold War.

Because they needed a country in the Region to protect Israel and a place for US bases. And since the Saudis are the traitorous dogs that they are, they werd perfect for this task

reminder that 15 of the 19 hijackers on 9/11 were from Saudi Arabia. But US makes too much money selling military industrial complex weapons to SA, so what's a few thousand american deaths?. Really, this goes to show how trump is in with the global elite. Of course he's not going to care about the journalist kashoggi's death and let it impact the US MIC business, when the US doesn't care about a few thousand american lives in the worst terrorist attack in US history.

Meanwhile the US loses billions every year by handing it over to Israel. Plus they sink our warships and hire some saudis to fly planes into our buildings.

HAPAS ARE SUPERIOR TO WHITES

HAPAS ARE SUPERIOR TO WHITES

HAPAS ARE SUPERIOR TO WHITES

HAPAS ARE SUPERIOR TO WHITES

HAPAS ARE SUPERIOR TO WHITES

HAPAS ARE SUPERIOR TO WHITES

BOOM! IT DID NOT HAPPEN!

HAPAS ARE SUPERIOR TO WHITES

HAPAS ARE SUPERIOR TO WHITES

HAPAS ARE SUPERIOR TO WHITES

HAPAS ARE SUPERIOR TO WHITES

HAPAS ARE SUPERIOR TO WHITES

HAPAS ARE SUPERIOR TO WHITES

HAPAS ARE SUPERIOR TO WHITES