Warning June 9-11 Black Swan Event Collapse, Reset or some

Black Swan Event!

June 9th

the Agreement between United States and Saudi Arabia to sell Saudi Oil in USD exclusively ends. Saudi Prince has already notified U.S. that this agreement will NOT be renewed and they will no longer accept USD.

So what does this mean to the US Dollar.

Either be back by something. or Gold? What!!!!

Here is an article from june 8th 1974… 50 years ago this was signed

About the Archive

This is a digitized version of an article from The Times’s print archive, before the start of online publication in 1996. To preserve these articles as they originally appeared, The Times does not alter, edit or update them.

Occasionally the digitization process introduces transcription errors or other problems; we are continuing to work to improve these archived versions.

WASHINGTON, June 8—The United States and Saudi Arabia today signed a wide‐ranging military and economic agreement that both said “heralded an era of increasingly close cooperation.”

American officials, commenting on the first such arrangement between the United States and an Arab country, said that they hoped the new accord would provide Saudi Arabia with incentives to increase her oil production and would serve as a model for economic cooperation between Washington and other Arab nations.

Secretary of State Kissinger and Prince Fand Ibn Abdel Aziz, Second Deputy Premier of Saudi Arabia and a half‐brother of King Faisal, signed the six‐page agreement at Blair House across the street from the White House this morning.

Acclaimed by Kissinger

Mr. Kissinger, who will accompany President Nixon on a tour of the Middle East next week, including a stop in Saudi Arabia, said, “We consider this a milestone in our relations with Saudi Arabia and with the Arab countries in general.”

Prince Fand said that the accord was “an excellent opening in a new and glorious chapter in relations between Saudi Arabia and the United States.”

The agreement establishes two joint commissions, one on economic cooperation and the other on Saudi Arabia’s military needs.

The economic commission will hold its first meeting in October in Saudi Arabia. It will be composed of members drawn from the State Department, the Treasury, the Commerce Department, the National Science Foundation and other American agencies as well as comparable Saudi Government bodies.