At present crude oil is more valuable than gold. It is doubtful whether developed countries will one day be able to survive without oil. Allah has given this huge oil mine of the world to the Muslim major countries of the Middle East, which exist in the countries of the Middle East including Saudi Arabia, Iraq, Kuwait, and Iran.
In the 1973 Arab-Israeli War, the United States sided with Israel and aided Israel with weapons.
He decided at a meeting of the Organization of the Petroleum Exporting Countries (OPEC) in Baghdad that they would not export oil to any of Israel's allies unless Israel relinquished Arab-occupied land. This has led to a global oil crisis and oil prices have risen by up to 400% in many countries. But despite the boycott, the United States did not abandon its alliance with Israel but used cunning.
The United States sent a cunning diplomat named Henry Kissinger to speak to OPEC countries, including Saudi Arabia. Henry Kissinger suggested that they would buy oil at the current high price but could not sell oil in any currency other than the dollar.
In 1973, King Faisal signed the Petrodollar Treaty with the United States. This means that Saudi Arab oil will be sold not only for dollars. And OPEC will also sell oil for just only dollar.
And OPEC members are 10 major oil sellers. Because of this agreement, America is today's superpower. The rest of the world has to take dollars from America to buy oil. If you want to take dollars from America, you have to pay gold in America. And America will only print dollars and get rich.
How much transparency does the United States provide here in terms of how much gold is being saved against the US dollar? There are no first top media reports. Now if one wants to buy oil, one must first buy paper (dollars) with gold from America. That means I can't buy US dollars without gold. And for the dollar, everyone has to follow America’s word. And this oil is known as black gold or liquid gold. Since those countries will not sell oil in currencies other than the US dollar or even in exchange for gold. In other words, even though those countries own oil, the United States indirectly owns oil as a result of that agreement. When King Faisal realizes their cunning, he is killed by a terrorist.
Yet you cannot buy oil internationally in any currency other than the dollar, which increases the value of the dollar internationally and turns it into a global currency. If the American dollar becomes obsolete shortly, which is very likely to happen, then OPEC country will not be able to chew or swallow the meaning of this paper.
Now, if the Arab countries oppose the US, they will not get back the dollars deposited in the US Federal Reserve or will be banned. The United States, for example, has confiscated much of Iran's assets.
Second, if they violate the agreement, they will stop selling oil on the world market, as they do not trade any currency other than the dollar. And the ban on oil sales will hurt the Arab economy. In short, this "petrodollar" deal has crippled the Arabs, and even if they wanted to, the United States could not oppose it right now. The biggest power in America is the Petrodollar deal. As a result, they have been able to establish the dollar in the world market. And with this opportunity, America is where it is today. Those who want can cripple anyone's economy. This has only been possible as a result of this petrodollar agreement.
However, amid so much frustration, the hopeful news is that the United States has not been able to prevent the collapse of the economy despite adopting so many strategies, but the United States itself is now an oil-exporting country.
China is currently the main importer of oil. It is hoped that China will be able to reduce demand for the dollar by exporting goods in exchange for oil. The rise of cryptocurrency will also reduce the reign of the dollar. Even rich countries relying on advanced technology can use alternative means of exchange instead of the dollar.
Once the world becomes a polygon, one country will be freed from one-sided dependence. Today's world is the dirty politics of tired masked hypocrites, forcibly swallowing ideals.
407.943 SRY