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James K.'s avatar

is saudi arabia about to abandon the west in favor of this new russia/china system?

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PharmaHeretic's avatar

That might occur anyway once most of demand for crude oil shifts to the East. I mean.. Saudis have to sell their most important export and if Asian countries buy most of it, and USA is no longer a useful and reliable ally, it makes sense to move towards a different financial system. Will likely occur over years, not weeks or days.

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