Some really interesting developments are happening apropos the banking and financial situation in Russia and the world. Firstly, to set the stage: there’s the rumor going around that Saudi Arabia has allegedly declined to renew its purported “50-year Petrodollar deal”, signed—again, allegedly—on June 9th, 1974.

Another sitrep collating the latest news. Nothing you wouldn't already know about if you have been following the news closely, but it's useful to have the most relevant new developments all gathered into one place.

The most interesting, as usual, is not so much what is happening in Ukraine, where Russia continues to dismantle the "mother of all proxy armies" in a cool and methodical manner, nor is it the Saudi related rumor referenced in the title, but rather the mounting evidence of deliberate and accelerating dedollarization in BRICS+, and increasing desperation on the part of the collective West as it loses the financial and economic war.

Also, Dmitry Medvedev has yet again escalated his "bad cop" rhetoric to another level, which i personally find very entertaining.

  • 小莱卡@lemmygrad.ml
    ·
    18 days ago

    In short, all the current snowballing events are gearing up to potentially effect a massive black swan moment in 2025, which may shake the foundations of the entire Western financial system off its rails. And that’s where the Saudi situation comes in: KSA now sports full BRICS membership and has previously signaled willingness to accept Yuan for oil sales to China, so we know—at the least—the suggestion of Petrodollar demise is not conspiracy theory.

    The big question is not where things will go, but how fast: their trajectory is nearly certain, it only remains to be seen how quickly the BRICS-adjacent countries can agree on mechanisms and muster the initiative to implement them into actual practice.

    Thanks for sharing the article, had a lot of fun reading it since it provides some confirmation to many thoughts i've been having. The conjucture we are living right now makes me very hopeful for a better future.