Saudi Arabia is just playing hard to get to negotiate a stronger commitment from US in Yemen. I predict they will be back soon working with the US, after the US agrees to participate more in the genocide
Damn the full collapse of the US empire is underway. Time till MBS become public enemy #1? Libs are bored with Putin might aswell shake it up.
If I wanted to maintain the Amerikan empire, I would simply not overtly weaponize the dollar's use as a global reserve currency.
......
burn baby burn:cool-zone: :elmofire: :amerikkka:
Watch us pull out of Yemen. Although watch China send weapons to the Saudi's.
Saudis can have as many weapons as they like, the problem is they don’t have a skilled army to use them and they keep getting jacked by Houthis
Houthis have quite the army of tanks, helicopters, drones and armored vehicles now because of the kindness of the Saudis
the monarchist army has poor morale and lack of cohesion, resulting in frequent encirclement and large losses of materiel?
:napoleon-thinking:
Chinese bond market isn't stable enough atm for this to realistically happen.
Chinese bonds lost an average of 30-40% since summer of 2021.
A lot of this has to do with international investors unrealistic expectations of China stopping their zero covid strategy though. Imagine if China let it rip like the United States did, there would be 10's of millions dead.
Long term stability trumps short term return over time. Investors weren't paying enough attention to how Chinese bonds functioned, they'll adapt and return once their fear wears off.
:reddit-logo: Volunteer Division assembling to protect vital raw materials for Funko Pop production.
I might be wrong, but don't the Saudis have all or most of their assets tied to the US?
I can't see this happening without US freezing all Saudi assets under some kind of excuse e.g. "human rights" which will suddenly become a huge issue.
They're only (potentially) going to try and price the oil they sell to China (~20%) in RMB, the rest still priced in USD. There are a lot of Saudi assets tied to the US, but the US has security and economic commitments to the Saudis that they can't just back out of because of something like this. Saudi Arabia is a strategic ally of the US, they can't sanction them like Venezuela or Iran without there being absolutely massive consequences for US power and prestige worldwide.
The Saudi move could chip away at the supremacy of the U.S. dollar in the international financial system, which Washington has relied on for decades to print Treasury bills it uses to finance its budget deficit. “The oil market, and by extension the entire global commodities market, is the insurance policy of the status of the dollar as reserve currency,” said economist Gal Luft, co-director of the Washington-based Institute for the Analysis of Global Security who co-wrote a book about de-dollarization. “If that block is taken out of the wall, the wall will begin to collapse.”
:nicholson-yes: :xi-lib-tears: :inshallah-script:
My dream is all the nations of the world sneakily coming together and then when the US is about to speak at the UN on some boring routine issue all the delegates get up and yell "SURPRISE!" and drop the dollar standard at once like a secret birthday party, but I guess this is fine too. Even if it will mean China supporting some truly awful shit as a return favor.
