BRICS meeting in August this year will be crucial. If Saudi Arabia, Egypt and Indonesia become new members, that will be a huge tectonic shift in the world.
I suspect that's why Blinken was in Saudi Arabia two weeks ago and now in China. He is probably doing his best to warn them, not to do anything that will cause the USD to crash or war will be triggered. He might even offer Taiwan under the table, but I highly doubt they will believe him or Biden. The Chinese know their best bet will be to grow the alliance larger than the US, as quickly as they could. Now, would be their best opportunity.
IMHO, Biden administration lost the most valuable commodity of all - that is Trust.
No country can trust them again; especially after witnessing what the US and EU did: seizing $300B of Russian reserves.
And after witnessing that event, no country would put 100% of their reserves in USD or EU. Diversification is the way to go, from now on.
Whether we like it or not, this Russia/Ukraine war have set off the inevitable path to de-dollarization.
And the next few years will be the most dangerous time in the world; since WW2.
Russia Ukraine war, page-147462
-
- There are more pages in this discussion • 98,423 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)