Saudi Arabia announces the end of petroleum use for the middle of the century. Instead, the country plans to invest by 2032 a total of 109 billion in the solar industry and become an exporter of electricity.
[You may have to translate from the original German to read this report.]
http://deutsche-wirtschafts-nachrichten.de/2015/05/23/das-ende-des-petro-dollars-solar-energie-soll-erdoel-ersetzen/
Such a move would certainly lead to the end of the petro dollar. Why then does the US not seem to be worried about this?
Please take the time to read these three background essays on the subject:
http://sainthoward.blogspot.com/2015/04/the-downfall-of-petrocurrency.html
http://sainthoward.blogspot.com/2015/04/will-gold-once-again-be-worlds-currency.html
http://sainthoward.blogspot.com/2015/04/do-we-really-care-about-oil.html
Do the confidential provisions of TPP, TTIP, and similar "trade deals" contain America's counter measures to the BRICS-Saudi new financial system mentioned by Kelly Mitchell in Gold Wars? We'll find out some day, but I again predict that by then the world's economy will be quite unrecognizable.
Welcome to the market state, where human beings are just another commodity having no intrinsic value.
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