The modern world has witnessed three agreements (scammed the other nations) events that could lead that contributed to US prosperity, but could to the end of US dollar dominance, and eventually the crash of the dollar. and loss of prosperity of USA:
1. The end of the petro dollar with KSA after 50 years
Brokered by Henry Kissinger in 1973; In exchange for the protection by US: armament, and US bases, KSA would require payment and pricing in US dollars. Thus countries would have to procure US dollars to buy oil. Thus US has to print plenty of dollars, enjoying an economic activity for which it has no equity. Furthermore, KSA has to invest its dollar hoard on US
treasury thus funding US easy life. This has gone for 50 years.
US exported inflation to KSA by printing more US dollars, It did not affect US then
Why is KSA no longer using USD in oil trade? Maybe there are all ready sour notes in relation
ship with US. Those who planned the 911 attacks were Saudis and there were many other causes
of friction
KSA has priced and accepted other currency for its oil trade: Euros, Chinese Yuan, USSR rubles
The rest of the world has other payment system as initiated by BRICS bypassing SWIFT. It also
took note of the weaponization of the dollar for sanctions as it did with USSR for Ukraine war
KSA also wanted to balance its trade with the rest of the world
