old steel
13th October 2017, 12:17 PM
It's only a matter of time now and time is running out.
Saudi Arabia pivots to Russia, the new sheriff in town
http://thesaker.is/the-house-of-saud-bows-to-the-house-of-putin/
Comments section:
"Rather this is a move to put the last nails in the coffin of the petrodollar. I would think that the Saudis want as much protection as they can get from the Russians and Chinese before they announce they will accept a basket of currencies for OPEC oil, which will remove the last major rationale for stockpiling US Treasuries. The ability to exchange yuan/RMB for gold will also have the same effect. Next step is to stop accepting Treasuries/dollars for oil, goods, and services . . ."
9350
Saudi Arabia pivots to Russia, the new sheriff in town
http://thesaker.is/the-house-of-saud-bows-to-the-house-of-putin/
Comments section:
"Rather this is a move to put the last nails in the coffin of the petrodollar. I would think that the Saudis want as much protection as they can get from the Russians and Chinese before they announce they will accept a basket of currencies for OPEC oil, which will remove the last major rationale for stockpiling US Treasuries. The ability to exchange yuan/RMB for gold will also have the same effect. Next step is to stop accepting Treasuries/dollars for oil, goods, and services . . ."
9350