The End of US Dollar is Coming Quickly
The path that America is headed down currently thanks to the Biden regime is not one that any of us want to be in. We all already know how bad the economy is with the inflation that’s going on, and to tell you the truth this is only the beginning. While some have argued in the past that we have already been in a recession and maybe we have, but the truth is things are really about to ramp up, because the recession is really about to hit. You can take that to the bank.
The world is against the United States and one thing that we’re seeing currently is that several countries are no longer going to be using the US dollar for their trade. That means it is no longer the reserve currency for the world. We know that India has decided that they’re going to start using rupees rather than dollars and 18 other countries have already agreed to do the same thing. I honestly think this is part of what China and Russia were hinting at whenever they were talking about something that hasn’t been seen in the hundred years.
Joe Biden has done nothing but weak in our country.
But that’s not the only problem the United States because the production of oil is going to be cut severely and this is going to heavily impact gas prices.
Saudi Arabia said Sunday it will cut oil production by 500,000 barrels per day from May until the end of 2023, a move that could raise prices worldwide.
Higher oil prices would help fill Russian President Vladimir Putin’s coffers as his country wages war on Ukraine and force Americans and others to pay even more at the pump amid inflation fueled in part by that conflict.
It was also likely to further strain ties with the United States, which has called on Saudi Arabia and other allies to increase production as it tries to bring prices down and squeeze Russia’s finances.
The Saudi Energy Ministry said the cuts would be made in coordination with some OPEC and non-OPEC members, without naming them. The cuts are in addition to a reduction announced last October that infuriated the Biden administration.
The ministry described the move as a “precautionary measure” aimed at stabilizing the oil market. The cuts represent less than 5% of Saudi Arabia’s average production of 11.5 million barrels per day in 2022.
If he would have just left things alone and not destroyed our energy production here in the United States, we wouldn’t even have to worry about this problem.