Saudi Arabia to End Petrodollar Pact

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News Date: June 1, 2024

In June 2024, Saudi Arabia is expected to announce that it will cease all oil sales in US dollars, marking the end of the 50-year Petrodollar Pact signed on June 6, 1974, which expires on June 9, 2024.
The decision not to renew this pact stems from Saudi Arabia's recent invitation to BRICS and its move towards dedollarization.
Crown Prince Mohammed bin Salman has informed the Saudi government that the country will no longer accept US dollars for oil transactions.
This shift includes considerations to accept other currencies, such as the Chinese yuan, for oil sales, as reported by the Wall Street Journal on March 15, 2022.

The July 4th full buck moon and penumbral eclipse

Independence Day 2020 will end with a full moon and lunar eclipse.
The Full Moon of July traditionally is known as the Full Buck Moon because it coincides with the time of year when male white-tailed deer are in full-on antler growth.
Everything to know about the July 4th buck moon and penumbral eclipse.
Source:lehighvalleylive.com

Emergency Alert System reminder

The US Federal Communications Commission, Enforcement Bureau, Reminds EAS Participants of Compliance Obligations.
FCC issues enforcement advisory reminding Emergency Alert System participants of compliance obligations, including ensuring alerts are accessible to people with disabilities.
The storm is upon us. We are ready now!
Details: www.fcc.gov

Trump is meeting with an ex-bank CEO

Donald Trump is meeting with an ex-bank CEO who wants to abolish the Federal Reserve and return to the gold standard. Trump met with John Allison, the former CEO of the bank BB&T and of the libertarian think tank the Cato Institute.
Source:Businessinsider.com

Islamic finance embraces fintech with gold-backed debit card

Wahed opens London office, launches gold-backed debit card for Muslims.
Gold-backed debit cards and wealth management offers a form of banking that is free from interest, speculation, and inflationary currencies.
Source: finance.yahoo

The Birth of a New Currency by Ron Paul

Ron Paul was the leading champion of sound money in all his years while in the United States Congress. Here he explains why sound money has meant the gold standard. Paul maps out a plan to bring about a dollar that would be protected against manipulation by government and central bankers. This monograph first appeared in 1981, and it has been in wide distribution ever since.
Source: www.youtube.com