China has invited Saudi Arabia to join BRICS.
I had noted that the Saudis had recently allowed China to pay in Yuan. This, to me, is a signal that they have a 'wandering eye' in their marriage to the U.S and it's petrodollar dominance of the global economy.
Saudi Arabia joining the economic bloc would have dramatic implications for the global economy. In essence, it would mark an end to the petrodollar. Thus hurting the U.S dollar to a massive degree.
The fall of the U.S dollar would signal a rush to the one store of wealth left on earth that everyone has always and will always respect. It would also sky-rocket gold simply by the fact that we value gold in usd.
“China’s invitation to the Kingdom of Saudi Arabia to join the ‘BRICS’ confirms that the Kingdom has a major role in building the new world and became an important and essential player in global trade and economics,” Mohammed al-Hamed, president of the Saudi Elite group in Riyadh, told Newsweek. “Saudi Arabia’s Vision 2030 is moving forward at a confident and global pace in all fields and sectors.”[…] “This accession, if Saudi joins it, will balance the world economic system, especially since the Kingdom of Saudi Arabia is the largest exporter of oil in the world, and it’s in the G20,” Hamed said. “If it happens, this will support any economic movement and development in the world trade and economy, and record remarkable progress in social and economic aspects as Saudi Arabia should have partnerships with every country in the world.”
https://sarahwestall.com/massive-implications-saudi-arabia-in-discussion-to-join-brics-coalition-the-outcome-would-be-global-energy-and-economic-cleaving/
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