September 2015 and January 2016 saw massive hits to the US stock markets. We haven’t seen anything yet.
Ever since early 2016, Saudi Arabia has participated in a back-and-forth economics shoving match with the USA. Threats of currency abandonment, calling of debts, divestment, etc. ensued to the tune of $750b. The threats remained serious until September 23, 2016, when Obama signed a placating veto against US citizens’ ability to sue SA for 9/11. But now that Trump is in office, things are heating up again. Here are the headlines (from last year) dynamic to the current situation:
A U.S.-Saudi Breakup Threatens the Demise of the Petrodollar | Wall Street Daily
Russia & Saudi Arabia discussing oil production freeze – Russian energy minister | RT [This is an example of return economic pressure due to sanctions and a display of SA economic alliance with Russia (BRICS) and Iran]
U.S. approves $1.15 billion sale of tanks, equipment to Saudi Arabia | Reuters [These are the capitulations of an indebted nation to its lender]
Saudi Arabia Strikes Back | Foreign Policy
Economic stress as world runs out of dollars | Telegraph
Now, Iran—since the nuclear deal and various infractions thereof—has also joined in the currency / economic threats game. And, it is emboldening Saudi Arabia. See these latest headlines:
What Will Trump Do About Saudi Arabia? | The Globalist
Trump Slays the US Dollar Golden Goose | Money Morning
Saudi Arabia may raise U.S. oil investments: energy minister | Reuters [Just because SA wishes to invest in US oil investments does not insure US dollar as the currency; in fact, this is a way SA can call on US debts with a secured asset market / resource]
I see a convergence of Middle Eastern nations dumping their holdings and currency interests in the US petrodollar. As a result, I warn readers to eliminate debt and secure assets by March 21, which is the date set by Iran for pulling its ties to the US dollar, amid its growing weakness in global energy resource markets and the looming Nexits / the EU’s impotent Euro. A new economic currency will soon be forming… just as the EU, UfM and EaP move to further their Global Strategy.
The formation of global governance, currency, military and economics are on the horizon, in fulfillment of biblical prophecy. Believe the Bible about the narrative of both world history and its prescription for your own soul.
To see how SA fits into biblical prophecy, see Joel Richardson’s Interviews with Skywatch TV
OTHER RESOURCES / UPDATES:
Stockman: “After March 15 Everything Will Grind To A Halt” | Zero Hedge