Saudi Arabia Threatens To Raise Price Of Oil To $200USD Per Barrel Over Sanctions!

abn (59)in #economy • 6 years ago (edited)

On Sunday 15-October-2018 President Donald Trump threatened to impose sanctions on Saudi Arabia if it found the Kingdom to be involved in the disappearance of journalist Jamal Khashoggi

Source

This has caused King Salman to become outraged at this statement made by the United States President and has since threatened to raise the price of oil to 200 Dollars a barrel of crude. This single hyperinflation event would be devastating to the U.S. Economy and cause a major upheaval in the U.S. Stock Market. The ripple would not stop there but would trickle down to the global stock markets around the world.

Source

In a column published just after the SPA statement, Saudi-owned Al Arabiya channel’s General Manager Turki Aldakhil warned that imposing sanctions on the world’s largest oil exporter could spark global economic disaster.

“It would lead to Saudi Arabia’s failure to commit to producing 7.5 million barrels. If the price of oil reaching $80 angered President Trump, no one should rule out the price jumping to $100, or $200, or even double that figure,” he wrote.

The U.S. Dollar is a petrodollar and raising the price of oil would ultimately collapse the U.S. Economy. To make matters worse, the Kingdom of Saudi Arabia would join in with China's and Russia's economic plans for the future. It should not be a secret by now that China and Russia have been steadily dumping the U.S. dollar to create an economy that does not rely upon the petrodollar for support but would instead be backed by gold and silver.

Source

The moves are already being made and Russia has sped up its dumping of American Debt and reliance upon the Dollar just this past year. If the Saudis join the Russians in creating an economy outside of the U.S. Dollar and raise the price of Oil to 200 or even 400 dollars a Barrel... it will mean that a MAJOR war will break out between major world superpowers. The U.S. will be on the losing end of that war. The time to get right with God is right now!

Please post your comments in the replies section below.

Have a very nice day!