The pending expropriation of Russian assets worth around 300 billion dollars by the G7 could have further consequences. First of all, it increases the pressure on the BRICs to start building up their own monetary reserve and settlement system (gold-based), to say goodbye to the dollar and euro dominated world of finance. This is the great geopolitical chess game that is slowly but surely bifurcating the world economy into two competing blocs (again).

Now Saudi Arabia (Germans, do You remember the importance of real energy for civilization? Yes, these guys have a lot of it!) has hinted that it might draw the consequences of the expropriation of Russian assets and divest itself of European government bonds which would be really the last thing the highly endebted european socialist would need as yields could put pressure on the green socialist agenda that already has problems financing their nonsense under the shadow of a stubborn Federal Reserve that keeps rates high so far.

Anyone with a little knowledge of the financial markets is aware of the fragility of the eurozone and can imagine that Saudi Arabia has a fairly important and fairly firm geopolitical lever in its hands, depending on the size of the position, which is likely to be several tens of billions of euros. Maybe it's time for another european initiative to destroy its industry to reduce energy demand... Play stupid games win stupid prices!