With the US, events get more and more complicated by the month....

With the US, events get more and more complicated by the month.

So if Saudi intends to dump its USD750B forex reserve, what would it buy? It has already bought property all over EU and US. If we were Saudi, would we continue to buy more assets in countries with close ties with the US? Might as well keep the USD.

But fortunately there's China and Russia. And the SGX. As payment for gold is now in yuan, how then to buy USDbillions of yuan without affecting the exchange rate? Maybe a political deal similar to the petrodollar, now renamed as petroyuan? But does China really want more USD? It is already holding > 3x Saudi's. Fiat USD doesn't look very stable if its largest holders start abandoning it.

The 9/11 bombing is as mysterious and convoluted as the missing MH370 plane. Well, the conspiracy theorists are now proven wrong because the US govt. did not mastermind it after all. Because if it did, it wouldn't be so naive as to support a bill that allows victims' families to sue the govt, would it? That is, until the next episode unfolds...