US is the top producer of oil since 2021 , with all time high production , funny that , with the Russian war ,
maybe to claw back some of that spending and trillions in debt
Russia is supplying China the largest consumer of oil
who is buying Russian gold to fund the war ?
russia along with brics countries is positioning to replace the USD has the prefered currency of trade called reserve status
if the dollar gradually loses its place atop the world financial pyramid, what would happen next? For the U.S., it would likely mean less access to capital, higher borrowing costs and lower stock market values, among other effects. Having the world's reserve currency has allowed the U.S. to run large deficits in terms of both international trade and government spending. If foreigners no longer want to hold dollars for savings, it would force significant belt-tightening at home.
ummm
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