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re: Petro Dollar days numbered? Saudi/China Oil deal
Posted on 4/5/23 at 8:19 am to SaintsTiger
Posted on 4/5/23 at 8:19 am to SaintsTiger
BRICS alliance will be the end of the petro-dollar and the Euro-dollar markets.
3
Posted on 4/5/23 at 4:15 pm to seawolf06
quote:
BRICS alliance will be the end of the petro-dollar
If and only if the Saudis back it. Which given Joe's relationship with the crown prince... yeah possibly huh?
However, Russia needs to sell O&G. They can't do it with dollars since the sanctions. Who needs to purchase? India, China, Brazil. Let's see, Brazil voted against Russia on a UN resolution. China and India are having border disputes. Russia and China are the most corrupt and opaque countries to deal with. Brazil has a history of government officials embezzling government money. South Africa and India? Every one of those countries have 5 different views and philosophies. What do they have in common besides wanting Rusian oil? It's autocratic leaders. The only winner with BRICS is Russia IMO. Putin once again checks our geriatric leader stuck in the 90's world.
I think I babbled through that ok.
Posted on 4/5/23 at 8:43 pm to seawolf06
Global Oil trade accounts for 4.5% of global trade total. This is minuscule and fear mongering at best. It doesn’t even make a dent to the USD.
Posted on 4/5/23 at 8:45 pm to seawolf06
quote:Saying this over and over doesn't make it true (nor make you smart.)
BRICS alliance will be the end of the petro-dollar and the Euro-dollar markets.
This post was edited on 4/6/23 at 11:30 pm
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