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.
BRICS Considers a global Stablecoin
BRICS nations are considering a stablecoin for international trade settlements.Sergei Ryabkov, Russia's Deputy Foreign Minister, hails this move as groundbreaking.
He also states that BRICS is also exploring a platform for digital payments.
Ryabkov: "BRICS is moving forward, creating an important precedent."
Russia has also hinted at issuing a gold-backed stablecoin.
With member nations amassing gold reserves, the idea gains traction.
The October 2020 Full Blue Moon, a higher consciousness
The October full blue moon also aligns with Mercury retrograde in Libra squaring Saturn in the sign of Capricorn. A multiplex of energies all aligned at once and hitting the earth in the light reflection of Uranus. (Moon conjunct Uranus)Expect the unexpected know that there will be twists and turns upsetting the balance of your normal rhythm. A full Blue moon is the zenith of moon power throughout the year, be sure to create and let go of your magical energy for manifestation this blue moon. The perfect time to tune into your psychic energy in preparation for a higher consciousness power-boosting download.
Sources: thriveonnews.com
Notable Resignations Worldwide Updated
There is no conspiracy-theory. This is a daily updated list of Notable Resignations Worldwide with accurate info.Source:www.resignation.info/list
National coin shortage
US is experiencing a national coin shortage in several states as an excuse to COVID-19 pandemic.Also, The Federal Reserve ordered 34 major US banks to suspend share buybacks in the third quarter and limit dividend payments to shareholders.
Source:twitter.com
BRICS to achieve a safer and more harmonious world - Putin
At the BRICS parliamentary forum held in St Petersburg, Russian President Vladimir Putin emphasized the pivotal role of BRICS nations in fostering a safer and more harmonious global environment.In his address on Thursday, Putin highlighted the collaborative potential of BRICS to contribute significantly towards global peace and stability.
He underscored the importance of mutual cooperation and collective efforts among BRICS countries to tackle global challenges, promote economic development, and ensure a balanced world order.
"We will be able to achieve the maximum implementation of the economic, investment, technological, and human potential of our countries, and strengthen the constructive influence of BRICS on global processes," he said.