Iran nuclear deal: Saudi Arabia warns it will strike out on its own

[Psephos]

25. The Saudis now fully realized their US "alliance" has made them quite vulnerable.

In the military sense, with the botched Egypt, Libya and Syria fiascoes as Exhibits A, B, and C. Iran is the last straw.

And more importantly, in the financial sense, with the US printing billions of faux dollars every single day, and then having the nerve to pass these imaginary dollars off for real goods, such as oil. The amount of worldwide resentment this creates is almost completely ignored in the US. (But not for long.)

When the dollar is no longer the official currency used to buy and sell oil, gas will be $10/gallon here, and imports of all kinds will double in price. That will happen almost overnight. Take a look at what's happening in Venezuela for a current example of what happens when no one wants your currency.

There is a reason the US has secretly sold much of its gold reserves, while the Chinese have been buying gold hand over fist. The US is trying to manipulate interest rates to keep them way below normal, because interest on the US debt would bankrupt the country if they rose to the levels that existed for all but the past ten years.

Meanwhile, the Chinese plan to back their currency with gold, and make it the world's reserve currency. They will become the sole financial superpower the moment that happens.