You’re Witnessing the End of the Empire in Real Time

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According to a recent article, Saudi Arabia denies that US Secretary of State Blinken is going to visit their country. In diplomatic terms, this literally means he is not welcome in the kingdom.

This is unheard of, as typically for the last century, America calls up various countries and just announces “we’re coming over to talk”.

Not anymore.

 

Why is this a thing? Because last week, Axios leaked a plan from the White House, that said Blinken will go to Saudi Arabia in an official visit.

 

This happened after the kingdom announced they are ready to sell oil to the Chinese in Yuan, a move that signals the end of the USD as the world’s reserve currency.

Regardless of how they spin  it, once OPEC countries start selling oil in other currencies than USD, the petrodollar is dead in the water.

The petrodollar was born as soon as Saudi Arabia accepted in the seventies to only sell their oil in USD, and they later convinced all OPEC countries to do the same in exchange for the US providing military assistance to the kingdom in any circumstance.

Saudi Arabia accepting  selling their oil in Yuan to the Chinese marks a split between the US and the kingdom, not to mention the latter’s firm refusal to even discuss opening up further reserves, as per President Biden’s request.

This is basically the beginning of the end of the petrodollar, as well as the end of the unipolar world, i.e. the American global hegemony.

British PM Boris Johnson also visited Saudi Arabia recently to beg for oil, and the Saudis told him no. Now they are telling Blinken just not to come at all.

Denying Biden’s calls, refusing entry to the Secretary of State, trading oil in yuan – these are not symbolic gestures.

You’re witnessing the end of the empire in real time.

 

Chris Black
Chris Black
"Journalism is printing what someone else does not want printed: everything else is public relations."

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