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.

A Dying Fiat System and Precious Metals

With the Fed set to hike rates and kill QE, markets are in turmoil. The Fiat money System is dying.
Some bank analysts are forecasting seven hikes this year.
Gold is of course the world's ultimate asset.
The US mint sells five million silver eagle coins in January.
Silver is biding its time before taking off to the higher ground.
Source: fxstreet.com

Fintech and XRP Support in US GOV Register New Rule

The Remittance Transfers Under the Electronic Fund Transfer Act final rule is effective July 21, 2020.
The continued growth of "fintech" nonbank remittance transfer providers and their further expansion into partnerships and other relationships with banks and credit unions, which allow such entities to tap into the closed network payment systems that nonbank remittance transfer providers have developed and (3) the continued growth and expanding partnerships of virtual currency companies, such as Ripple, which offer both a payments messaging platform to support cross-border money transfers as well as a virtual currency, XRP, which can be used to effect settlement of those transfers.
The Bureau also believes that expanded adoption of SWIFT's gpi product or Ripple's suite of products could similarly allow banks and credit unions to know the exact final amount that recipients of remittance transfers will receive before they are sent.
Source: www.federalregister.gov

The Upside In Gold Is Unlimited

Pierre Lassonde:I think that the downside in gold is limited. The upside on gold at this point is unlimited. It's going to be far, far higher than people imagine.
Source:kingworldnews.com

Fed policies will be rocket fuel for gold and silver

Fed policies that are coming soon on inflation, and interest rate suppression will be rocket fuel for gold and silver. And gold and silver are just getting started. If Bitcoin is $10,000 per unit, why cannot gold be $5,000, $10,000 or $15,000 per ounce? With the amount of dollars out there, it could easily be $5,000 or $8,000 per ounce, and that is where it is headed. The bond market will eventually collapse, but the biggest collapse coming is the faith in all fiat currencies.
Sources:usawatchdog.com

Queen Elizabeth Joseph Gregory Hallett contest?

Queen Elizabeth II has until tomorrow to contest any part of Joseph Gregory Hallett's Final Declaration to take the throne of England. No matter what, Joseph Gregory Hallett will ultimately and probably very soon, walk into Buckingham Palace, sit on the throne and somebody will crown him, photos will be taken and sent around the world. All of the current monarchy, in royal terms are illegitimate and the Pope will abdicate also, if he already hasn't done so. The Pope is hiding behind the coronavirus. The new King will also replace the Pope. This is going to turn the world upside down. The new King plans on, at some point, implementing Nesara Gesara. www.facebook.com