The death of Henry Kissinger, a notable figure in global politics, has become a pivotal moment in a rapidly changing world economy. While many saw his passing as an uneventful occurrence, its significance lies in the profound impact of his actions on the current global economic landscape, particularly in relation to the petrodollar system.
Kissinger, known for his influential role in shaping US foreign policy, was instrumental in establishing the petrodollar system in the 1970s. This arrangement, which involved major oil-exporting countries in the Middle East, particularly Saudi Arabia, agreeing to price their oil in U.S. dollars, solidified the USD’s dominance in global trade. The military might of the United States at the time was a key factor in securing this agreement.
However, recent developments indicate a major shift away from this long-standing economic order. Saudi Arabia, a central player in the petrodollar system, has announced plans to back its currency with precious metals, indicating a move away from the USD. This decision echoes broader regional ambitions, as other Middle Eastern countries, inspired by Dubai’s successful economic model, seek to diversify their economies and reduce reliance on the petrodollar.
Henry Kissinger: The Devil's Secretary Of State— Ariel (@Prolotario1) December 2, 2023
The death of Henry Kissinger for most people is an uneventful thing that holds no significance to them from the multiple events that transpired in November, H. Kissinger is the most impactful. Why? Because he was the one who… pic.twitter.com/kd29wBNZ9I
Dubai’s transformation, spearheaded by leaders like Sheikh Rashid bin Saeed Al Maktoum, serves as a model for these nations. The city-state’s investment in infrastructure, free trade zones, and the utilization of oil revenue for societal advancement present a stark contrast to the petrodollar-dependent economies.
This regional shift has broader implications for global economic dynamics, challenging the dominance of the USD in international trade. It aligns with movements in other countries, such as Russia and members of the BRICS Nations, who are also exploring alternative currency backing options.
Henry Kissinger, widely regarded as one of the most infamous war criminals, has died.— Brian Allen (@allenanalysis) November 30, 2023
It's time to look back and comprehensively review his actions and their impact: 🧵👇 pic.twitter.com/55BI3EAwIM
Henry Kissinger’s involvement in various geopolitical events, such as the Bangladesh Killings, the Laos Bombing, the Vietnam War, and the overthrow of governments, are cited as examples of his far-reaching influence. Kissinger’s connection to Klaus Schwab, head of the World Economic Forum (WEF), and their shared vision of a New World Order further highlight the complexity of his legacy.
The story concludes with a reflection on the evolving nature of the global financial system. The move towards precious metal-backed currencies, as seen in states like Louisiana, Arkansas, and Mississippi, signifies a potential departure from traditional fiat currencies. This trend, coupled with the ongoing technological and humanitarian advancements, suggests a pivotal moment in global economic history, as the world gradually transitions away from the longstanding financial structures established since the 19th century.
I don’t normally like to speak ill of the dead, but will make an exception in Henry Kissinger’s case. Create some room in hell, the man who’s fingerprints were on everything from the carpet bombing of Cambodia to the military dictatorships in Chile & Argentina, is finally dead pic.twitter.com/ed8yR5X49G— Andrew Nette (@Pulpcurry) November 30, 2023
As this transformative period unfolds, the narrative emphasizes the importance of staying informed and aware of the subtle yet significant changes shaping the world’s economic and political landscape.
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