Posted BY: Teresa | NwoReport
(Natural News) As we have consistently warned for more than a year, Operation Sandman has now been activated, with Saudi Minister of Finance, Mohammed Al-Jadaan, telling Bloomberg TV (during a WEF Davos interview) that the Saudis will gladly accept all currencies for settling oil transactions. (Reported by OilPrice.com)
The foundational pillar of US global currency dominance and its ability to export inflation to the world is based on the so-called Petrodollar status, in which the US agreed to protect the (corrupt) Saudi kingdom in exchange for the Saudis demanding US dollars for all oil transaction settlements. This agreement has been in place since the Bretton Woods conference in 1944 and has carried the dollar until today.
But this arrangement is now coming to an end.
Very few Americans have any clue what this means to their assets and their future.
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Also, very few people realize that over 100 nations are prepared to renounce the petrodollar as the dominant currency for oil settlements. Instead, many nations are going to switch to using the Yuan (from China), the digital Yuan, or the new BRICS+ commodities-backed reserve currency that’s about to be launched by China, Russia, India, and other participating nations.
The dominoes have been set into motion. And as this plays out, it means dollars will come flooding back to the United States as world nations dump the greenback fiat currency they no longer need. This means dollars will experience rapid devaluation in their purchasing power, which will be reflected in higher prices — i.e. inflation — in consumer goods such as groceries, automobiles and more.
Although this will take time to be fully realized, it also means that those people left holding dollars will be financially ruined as dollar purchasing power evaporates. The government response to all this is almost certain to include a new wave of mindless money printing, adding yet more dollar inventory to the flood of dollars being dumped by nations of the world. The end game is, of course, hyperinflation as the dollar loses not just 2% of its purchasing power per month, but may even slide into losing 10%, 20% or even more per month (in the final blowout stage). Think of Weimar Germany as the end game here.