After asking ChatGPT 4.0 the possible scenarios if a major oil producing country - Saudi Arabia - adopted the gold standard for its currency and sold oil for gold internationally. To complete the scenarios - we asked ChatGPT what would be the potential international reactions to such moves: The reaction of the United States and … Continue reading Implications of Selling Oil for Gold (3/3)
Current Affairs
Implications of Selling Oil for Gold (2/3)
Following on from our previous question to ChatGPT 4.0 - where we asked what could occur if a major oil producer such as Saudi Arabia mandated gold to be used to purchase oil rather than the dollar. Building on that scenario - we then asked what could occur if Saudi Arabic also replaced its current … Continue reading Implications of Selling Oil for Gold (2/3)
Implications of Selling Oil for Gold (1/3)
Shifting oil sales from the Petrodollar to gold would drastically alter global financial dynamics. Nations would accumulate gold instead of US dollars, possibly devaluing the dollar and boosting gold demand and price volatility. This could challenge US economic hegemony and introduce global economic uncertainty. There might be a push towards a new gold-based trade standard, affecting trade balances, monetary policies, and potentially leading to more stable but expensive oil prices. International trade agreements would likely need renegotiation to adapt to these changes.
The Betrayal of Palestine
Let us be blunt and direct. The normative Islamic solution for Palestine, and for any other occupied land, is to liberate the land through Jihad. It is not permitted to accept any permanent peace with an occupier, or to ally with them in any way whatsoever. As mentioned by Allah in the Quran – إِنَّمَا … Continue reading The Betrayal of Palestine