Saudi Arabia Sees Gas Prices DOUBLING As Economy Crumbles
In this video, I talk with author and economic analyst John Sneisen about the alarming nature of Saudi Arabia's economy as gasoline prices have DOUBLED. The petro dollar is toast and Saudi Arabia's economy is facing severe circumstances.
As John goes into, the dependency on petro is the downfall of so many economies including just recently, Zimbabwe and Venezuela.
After Kissinger brought Saudi Arabia into the global US dollar system, it forever marked the inevitable doom of the Saudi economy.
Apart from being an incredibly oppressive country, the people of Saudi Arabia are heading straight for a collision with absolute poverty and debt servitude marking their end.
All fiat currencies eventually revert to their intrinsic value of zero. They always have, they always will. This goes back to 1024 AD in China. The fundamentals are off the table due to the vast manipulation in the monetary system so we cannot put a date on the coming crash, but we simply know it's going to happen.
Team this with the heavily manipulated derivatives markets worldwide, the crumbling global central banking system, big government, the fall of gasoline demand throughout the world as well as absolutely absurd bank offerings like auto backed securities and it's clear that we're heading for a calamity the likes of which the world has never seen.
But there are solutions! Decentralization, financial responsibility, self sustainability are all important hallmarks of freedom, liberty and individual security. This is not financial advise, but simply our opinion here at WAM but we hope our great viewers can read between the lines and see how obvious these points are.
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We are heading off the cliff. The good news is that the petrodollar will end and the rebuilding can begin...globally.
Thanks for sharing. Great overview of the oil issue.
Nice post...
Thank for sharing friend...
Thank you for discussing with the great two people and thank you again for sharing the sophistication among us, this country is a very good country. this news is bed for poor people
I think there are no longer poor in saudi because all people have good opportunity to earn there.
Arabia's economy is facing severe circumstances.
good informations @joshsigurdson
thank you for sharing
Yupp there is a huge problem of Gad and petrol in saudi.
this news not good for poor peoples :(
saudi arabia has huge hydrocarbon reserve and which can be last more than 100 years. And their major part of the economy depends on hydocarbon.So they face less economic crises as compared to other country.
Informative interview @joshsigurdson with John Sneisen who highlighted excellent points. Bringing in BC into issues with petro dollars and Saudi Arabia was timely. There are other areas that are also causing economic pressures in SA which in turn has trickles down. The consolidation of power by MBS (Salman) is also an effort to redirect royal wealth to the treasury (to reduce deficit pressures) as well as show others a crack down on corruption while slowly implementing social moderation and cracking down on the Wahhabi's and their fundamentalist efforts. Clearly could be a week-long discussion. There is a long road ahead for SA and as you note self-sustainability and financial responsibility is a part of it.
Many many thanks for sharing my friend , personally i like any arabian's story . everyday i red your story may ALLAH live long .........