This is big: we are witnessing the breaking of Saudi Arabia's Riyal's peg to the USDollar. The curreny swap between those two is a clear attack on the Petrodollar!
Source - Reuters: https://shorturl.at/fOPU8
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This is big: we are witnessing the breaking of Saudi Arabia's Riyal's peg to the USDollar. The curreny swap between those two is a clear attack on the Petrodollar!
Source - Reuters: https://shorturl.at/fOPU8
If @ekzyis had his prediction market site up, we could lay odds on whether Saudi becomes the next Libya/Iraq. Damn your procrastination!
If China has their back??? To me it looks like a mega geopolitical shift. The world is re-organizing in two blocs again.
I wouldn't put high odds on it, but until he gets off his butt, we don't even have the option.
I agree with you, the signs are mounting that dollar hegemony is a dead man walking.
Imagine what that means! We need the US to lead to a free society again. Europeans are mainly commies
I wonder how (or if) this will be covered by the U.S. media.