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UAE OFFICIALLY STOPS USING DOLLAR FOR OIL TRADES

By Noah

 

Folks, this is very serious….

The “Petrodollar” is what has led to such incredible prosperity here in America for the past 50 years.

Unprecedented prosperity!

A way of life and a quality of life that is rarely seen elsewhere in the world and definitely rarely seen elsewhere in history.

More on that in a minute if you don’t fully understand what I’m talking about…. I’ll explain it in a really easy to understand way in just a bit, but here’s a quick breakdown:

Impact of “Petro-Dollar” on Quality of Life in the USA:

  1. Economic Stability: The strength of the dollar helps ensure economic stability in the U.S., contributing to a stable and predictable economic environment.
  2. Lower Borrowing Costs: The demand for U.S. dollars and government securities often results in lower borrowing costs for the U.S. government and, by extension, for American businesses and consumers.
  3. Purchasing Power: A strong dollar enhances the purchasing power of U.S. consumers, making imports and foreign travel more affordable.
  4. Inflation Control: The petrodollar helps in controlling inflation to a certain extent. A strong dollar usually means lower import prices, which can help keep inflation in check.
  5. Investment in U.S. Assets: Foreign demand for U.S. dollars often translates into investment in U.S. assets, including treasury bonds, stocks, and real estate, supporting these markets…

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