Episode notes
China’s Xi to visit Saudi Arabia is the end of cheap abundant oil for America. The Saudi American relationship has ended while China has become the new America. The US dollar has dominated the world markets due to the Saudi US relationship. Every Barrell of Oil Sold by Saudi's was done in USD. This has caused the USD to be the #1 global currency putting us in position to print as much as we want with very little inflation. This has allowed us to build a world superpower with the most powerful military. We printed money and bought unlimited amounts of oil abroad. Saudi Oil is now being sold in other currencies and China is the #1 buyer replacing America. Now it's China's turn to buy abundant cheap energy while America gets a taste of what the rest of the world has dealt with. For the first time oil won't be pegged to the USD much longer. Get ready ...
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