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Josh Sigurdson talks with author and economic analyst John Sneisen about the alarming nature of Saudi Arabia's economy as gasoline prices have DOUBLED. The petro dollar is toast and Saudi Arabia's economy is facing severe circumstances.
As John goes into, the dependency on petro is the downfall of so many economies including just recently, Zimbabwe and Venezuela.
After Kissinger brought Saudi Arabia into the global US dollar system, it forever marked the inevitable doom of the Saudi economy.
Apart from being an incredibly oppressive country, the people of Saudi Arabia are heading straight for a collision with absolute poverty and debt servitude marking their end.
All fiat currencies eventually revert to their intrinsic value of zero. They always have, they always will. This goes back to 1024 AD in China. The fundamentals are off the table due to the vast manipulation in the monetary system so we cannot put a date on the coming crash, but we simply know it's going to happen.
Team this with the heavily manipulated derivatives markets worldwide, the crumbling global central banking system, big government, the fall of gasoline demand throughout the world as well as absolutely absurd bank offerings like auto backed securities and it's clear that we're heading for a calamity the likes of which the world has never seen.
But there are solutions! Decentralization, financial responsibility, self sustainability are all important hallmarks of freedom, liberty and individual security. This is not financial advise, but simply our opinion here at WAM but we hope our great viewers can read between the lines and see how obvious these points are.
Stay tuned as we continue to cover these stories!
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