🧡 Saudi Arabia Just Changed The Game!
BRICS Expansion Coming πŸ‡ΈπŸ‡¦πŸ₯³
Saudi Arabia is moving to join the #BRICS bank. This is a big development that threatens to accelerate #Dedollarization, especially across the emerging markets. Image
Coming just a few months before the BRICS summit, this could be a game changer that could see the Kingdom join the bloc as an official member. Here's what you must know!
Saudi Arabia in talks to join China-based β€˜BRICS bank’
πŸ‘‰ Membership would strengthen Riyadh’s bonds with the BRICS countries at a time when Saudi Arabia, the world’s largest crude oil exporter, is also pursuing closer relations with China.
ft.com/content/45abe5…
Saudi Arabia reportedly in talks to join the New Development Bank (NDB), also known as the "BRICS bank".
That will further enhance the capability of BRICS nations to hedge against risks amid the sweeping global wave of #Dedollarization.
globaltimes.cn/page/202305/12…
Bye bye #PetroDollar and Hello #BRICS βœŒοΈπŸ‡ΈπŸ‡¦πŸ˜œ

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More from @mike4evolution

Jun 1
🧡 China’s Winning The Real Economic War
πŸ’ͺπŸ‡¨πŸ‡³πŸ˜ˆ Xi’s Masterplan Revealed
The real economic battle is in the war for commodities and China is winning it. From oil and gas to gold and grains, China is hoarding the world's commodities in their bid to compete with the US. Image
But the agenda goes deeper than that and we must understand China's moves to control the world's commodity supply!
According to the USDA China holds half of the world’s wheat reserves and 70% of its corn. After five consecutive record crops, India now has one-tenth of global wheat stockpiles. The U.S. has 6% and 12% of global wheat and corn reserves, respectively.
farrellymitchell.com/our-thinking/l… Image
Read 10 tweets
Jun 1
🧡 U.A.E. Says It Exited U.S.-Led Naval Force
Persian Gulf nation has expressed disappointment with American efforts to deter Iran
wsj.com/articles/u-a-e…
As Iran Seizes Tankers in Gulf, U.A.E. Pulls Back From U.S.-Led Maritime Force
πŸ‘‰ The United Arab Emirates announced it had stopped participating in the security group after Iran seized two tankers in the Persian Gulf recently.
nytimes.com/2023/05/31/wor…
U.S. Pressured to Secure Persian Gulf After Iran Seizes Tankers
πŸ‘‰ The U.S. Navy steps up patrols after complaints from the United Arab Emirates
wsj.com/articles/u-s-p…
Read 5 tweets
May 31
🧡 Some fools have that faith in the divinity of America. They believe the USA, as the one and only superpower, has some kind of magical powers. They can just print any amount of dollars they want! And even when they can't, they can still issue any amount of bonds they want!
So they can borrow all the money they want. And between printing and borrowing, the US government can spend as much as they want, have as many wars and as many military bases and aircraft carriers as they want, buy everything they want. Hallelujah.
FREEDOM WITHOUT CONSEQUENCES.
But that's just NOT real, and can never be real. Maybe USA can live like that for a while, pretending they can do whatever they want, without consequences, but that's far from sustainable. Even the alleged god can never create something from nothing magically just like that. Image
Read 9 tweets
May 31
A cruise missile launched during a Russian barrage of Ukraine crossed into Poland last December then slammed into a patch of forest about 10 miles from a NATO training center, exposing challenges to defending the alliance's airspace.
wsj.com/articles/russi…
NATO Investigates How Russian and Ukrainian Drones Bypassed Europe’s Air Defense System
(March 31, 2022)
πŸ‘‰ Incidents involving drone operations have tested the alliance’s ability to monitor borders amid war threat
wsj.com/articles/nato-…
A plane has crossed 6 NATO countries, triggered a swarm of jets before the pilot landed and vanished.
(16 June 2022)
Spotted by Hungarian and Romanian Air Forces flying through their airspace and over Poland, Slovakia and Serbia before landing in Bulgaria.
thesun.co.uk/news/18904800/…
Read 5 tweets
May 26
🧡 China πŸ‡¨πŸ‡³ is reportedly negotiating significant arms deals with Saudi Arabia πŸ‡ΈπŸ‡¦ and Egypt πŸ‡ͺπŸ‡¬ as the two Middle Eastern states look to diversify their sources of armaments and reduce their reliance on the US and Russia in the backdrop of the raging Ukraine war. Image
The J-10C is a medium-weight, all-weather jet capable of carrying fourth-generation air-to-air missiles like the PL-10 and PL-15, with ranges beyond optical range. The J-10C earned a reputation as the most powerful single-engine fighter in the world. Image
Egypt is turning to China as a potential supplier of armaments after mostly purchasing them from France, Germany, and Russia since Moscow can no longer produce military hardware for customers due to the ongoing war in Ukraine.
eurasiantimes.com/chinas-j-10c-f…
Read 5 tweets
May 26
🧡 This Trillion Dollar Disaster Is Unavoidable
- We Must Prepare
The debt ceiling disaster isn't just about the US defaulting, but a likelier risk of a trillion-dollar aftershock that could trigger another liquidity crisis. Image
Here's why the US treasury itself could spark another bank run which could push the banking system to the brink of another collapse. Here's what you must know.
Wall Street Fears $1 Trillion Aftershock From Debt Deal
πŸ‘‰ Resolution would spur Treasury to replenish coffers via bills
πŸ‘‰ Move could drain liquidity from system, hurting riskier assets
bloomberg.com/news/articles/…
Read 10 tweets

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