Saudi Arabia has just issued a death knell to the exclusivity of the petrodollar as we once knew it – the first of several dominoes that needs to fall before the U.S. is exposed financially as an emperor with no clothes.
“Saudi Arabia is open to discussions about trade in currencies other than the US dollar, according to the kingdom’s finance minister,” Bloomberg reported on Tuesday, echoing comments by Mohammed Al-Jadaan.
Put simply, I believe there is a historic divide in the making between the BRICS nations, led by Russia and China, and the West, led by the United States.
I was one of the few outlets last summer to even report on the fact that Russia and China openly announced a “new global reserve currency” (announced in July 2022, predicted by me in February 2022). And of course, Russia and China can’t do it on their own: they are working with nations like Saudi Arabia and India to help put their plans into practice.
Read more at: https://quoththeraven.substack.com/p/saudi-arabia-just-killed-the-petrodollar