The End of the Dollar as the World's Reserve Currency? What They Said Could Never Happen....

I like Andy Schectman and I also like Kitco News. Here, Andy is interviewed by Michelle Makori. The Petrodollar deal which Kissinger made with Saudi Arabia is discussed, along with Nixon’s departure from gold-backing and the world’s current moving away from the dollar. There’s a one-hour video and a short article…

End of the Petrodollar?

Excerpts from the article:

Saudi Arabia reportedly let the 50-year petro-dollar agreement expire on June 9th, opting to sell oil in multiple currencies instead of exclusively using the U.S. dollar. Andy Schectman, President and Owner of Miles Franklin Precious Metals, warns that if the "petro" is taken from the "dollar," the U.S. currency will be backed by "nothing," which could trigger "catastrophic" consequences…

The foundation of the petrodollar system lies in a 1974 agreement between Saudi Arabia and the United States. Under this deal, Saudi Arabia agreed to recycle its petrodollars into U.S. Treasuries in exchange for a security guarantee from the U.S., creating a strategic alliance that has significantly influenced global politics for decades. By 1975, all OPEC members had agreed to price oil in dollars and invest in U.S. government debt…  

If the U.S. dollar is no longer the primary payment option for oil, Schectman foresees a massive spike in interest rates as one of the consequences, with the situation getting quite chaotic for the U.S.

“If this happened all at once, it would be catastrophic. It would be chaotic because the natural reaction of the dollar being dumped globally is hyperinflation. It would hit our shores in a tsunami of inflation,” Schectman said. “The dollar would collapse, the stock market would collapse, the bond market would collapse, the banking system would collapse, the insurance companies would collapse. Everything. This is the great reset.”

…The move away from using the U.S. dollar in international trade transactions is not new, but it has been accelerating…

Update

I know this month’s output has been light, but I hope some of you have tried my homemaker hacks (men can do them too!). Feel free to share yours as well, and we may post them.

We’ve been working on our house and will be, for the rest of the year. I will have to try to balance it all a bit better. We’ve been hiking as a family and spending some wonderful times together...and I’ve been working on my healthcare. These are always great and necessary things, but with the continued degrading of the state of the world, it seems more urgent than ever…to push forward, take advantage of opportunities while we still can, and stop and smell the roses. Geopolitical tensions are tighter than they have been in decades and there is concern about the upcoming US elections (or possible failure to hold elections at all, as some are predicting).

I would urge all our readers to print the “15 Points Preparedness Worksheet” (see link on Home page) and work on it with your family. Also, please print our “Eclipse Pilgrimage of Mercy” supplemental prayers. Included is Cardinal Burke’s 9-Month Novena to Our Lady of Guadalupe and a prayer for the United States.

I have also been getting ready for my trip to the Catholic Land Movement Conference at Our Lady of Martyrs Shrine in northern New York (about a 4-hour trip for me), this coming weekend! I’m so excited, it is my first time there. This is a traditional Catholic organization and the Tridentine Mass will be offered. These are the kinds of things I do as research and networking, to bring the knowledge I aquire, to all of you. I hope to share some pictures and some of what I will learn, in the coming days. It’s going to be like a retreat/agrarian/prepper learning experience all in one! There will be wonderful Catholic devotions and confession, along with workshops and social time. There is an optional farm visit, where animals will be slaughtered, which I will be attending. Some of the workshops I plan to go to are “Garden Planning at Home,” “Wells and Spring Development,” and a presentation of 2 faith-centered farms. I also hope to attend Chris Martenson’s Peak Prosperity Annual Summit 2024 in New Hampshire in September (the early-bird rate is ending June 30). I attended his conference last year in Massachusetts and it was life-changing.

Due to the fact that I will be away this weekend, our Month of July post may be a day or 2 late. God bless you all and your families! Chiara F Mathews:)

One Rosary for Each WEF Conference Day!

[Edited since posting.]

Yes, it’s here again. January 15-19 in Davos-Klosters, Swizterland. Last year all the presentations were available online, so probably will be again. For those with blogs and other media, please review the presentations and get the info out. They are not hiding anything!

From the WEF website:

“The 54th Annual Meeting of the World Economic Forum will provide a crucial space to focus on the fundamental principles driving trust, including transparency, consistency and accountability. This Annual Meeting will welcome over 100 governments, all major international organizations, 1000 Forum’s Partners, as well as civil society leaders, experts, youth representatives, social entrepreneurs, and news outlets.”

We have a “WEF Series” button to the right>>> There will be another post or 2 on this in the coming days.

Let us pray one Holy Rosary each day this week as these wicked people meet to plan the enslavement of all humanity and the persecution of the Church!

Do not believe their deceptions.

Think about it. What weaponry do you think these “elites” fear the most? Free speech? Free elections? Scientific data? Guns? Bombs? None of these. It is the Holy Rosary, the cord which binds Satan, they fear more than almost anything. Our Lady was given to us by Our Blessed Lord Himself from the Holy Cross. And she has given us the Rosary, particularly in these days of chastisement, as a weapon against evil, an antidote to our times. Our Lady of Fatima requested it be said daily. Not only because of its spiritual power when it is well-said by one in a State of Grace, but the peace that floods the soul with its recitation. And not only peace, but joy. Upon the recitation of the Holy Rosary our Mediatrix also gives us the graces we so much need to navigate this ever-devolving world, a world already unrecognizable to those who were born only a few decades ago.

In so many Catholic churches throughout the world, every day, there are several elderly women praying the Rosary. Are these humble, easily overlooked ladies the most powerful people in the world? Possibly. It was deeply saddening during the Covid lockdowns, when these unending prayers within the Holy of Holies suddenly ceased. You could almost feel this massive force for good being withdrawn from the earth and evil taking on more power. Are such days coming again? If the WEF has its say, you can bet on it.

The last day of the WEF conference is also the day of the March for Life in Washington DC. So many reasons to pray this great devotion, this meditation upon the Gospels! This Friday, the perpetrators of the shedding of innocent blood will be making their plans, as those defending the innocent will be marching by the tens of thousands. Our Lord and Our Lady look down upon it all. Which side do you wish to be counted among?

The Latest Fun from the Vatican

A week before Christmas, when no one has the time to analyze this…nothing is left to chance…it is all by design…everything that is happening now in the world is connected and it is all the result of…sin…

Traditionis Custodes: Vatican Further Tightens Restrictions on Traditional [Catholic Rites]

Traditional Catholics Sound Alarm as Rome Suppresses Most Old Rite Sacraments

Special thanks to New Advent for links to the above articles. Please go there for ongoing coverage.