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- Saudi Has Left The Dollar...
Saudi Has Left The Dollar...
The Global Economy Is Seeking Dollar Alternatives, It's Now Apparently Ok To Target Political Rivals, And Credit Problems Are Increasing...
The Daily Ninja 6/10/24
Updates From The Economic Ninja
(6/8/2024)
💰 Saudi Arabia walking away from the US dollar could cause the dollar to lose value rapidly, impacting global trade and economies.
💰 Saudi Arabia's decision to sell oil in currencies other than the US dollar challenges the dominance of the Petro dollar system, potentially speeding up the process of moving away from the US dollar.
💵 The end of the 50-year Petro dollar pact could have wide-ranging implications for the US Dollar's role as the dominant Global Reserve currency.
💰 The decision by Saudi Arabia to sell oil in dollars created a demand for dollars, leading to significant economic consequences in the 1970s.
🛢️ The revelation that Saudi Arabia is running out of oil, despite their previous abundance, could have major consequences for the energy market.
🛢️ Saudi Arabia and China are vying for oil in their own currency or a currency that Saudi Arabia chooses, potentially shifting the global economic landscape.
🌍 The shift away from the Petro dollar and trade outside of the dollar by countries like China, India, and Russia is a significant geopolitical move that will impact global economics.
📉 The possibility of China and Russia coordinating a day of selling the dollar could have a devastating impact on the US capital markets.
(6/9/2024)
⚖️ The use of the legal system to target political opponents sets a dangerous precedent for the future of democracy.
😡 "They want you as a slave. That's it end of story."
💰 The power of consumer spending and voting with our dollars can have a significant impact on companies and political decisions, according to the speaker in the video.
🚔 HR 881 would reform the US Secret Service's protective mission by automatically terminating protection for those sentenced to prison following conviction for a federal or state felony.
🗳️ "A miracle happened in 2016 when Donald Trump won because cheating has been going on in our voting system for decades and decades." - The speaker claims that Donald Trump's victory in 2016 was a miracle due to widespread cheating in the voting system.
🗳️ The Ninja plans to vote for new Congress members and judges, as well as for Trump, in the upcoming election.
🙏 The Ninja encourages viewers to declare positivity and readiness for hard times, regardless of their beliefs.
🗳️ The Ninja plans to travel to hot spots and create videos to encourage people to vote for Trump in person, targeting specific areas like the Bay Area and Los Angeles.
(6/9/2024)
💸 More people are walking away from insurance companies due to their inability to pay claims, leading to a potential crisis in liquidity.
🏠 The inability to pay rent or bills is leading to evictions, which in turn affects people's credit and ability to get a mortgage for a home.
💳 It's important to have a tight credit score and manageable debt-to-income ratios to be a prime borrower in the event of a collapse in the real estate market.
Let’s crush it this week!
-Ninja Out