Do you see a reserve change? Or do you see the dollar just rallying on as usual and for how long?That's the narrative, but don't see it being Chinese Yuan.
Dollar will be the king for a good time yet and China wouldn't win a war anytime soon.
Interesting to see India have started trading this week using the Rupee as their nominal choice?
I just think the Saudis can always afford to play all sides, everyone needs them and they have the money not to care!
Russian cunts just trying to form alliances because they don't have a pot to piss in.
India is a BRICS economy and in bed with the Russians just as much as China.
China maybe putting out a financial "helping hand" to Russia for their own long term financial gain, knowing it will help them gain that world reserve currency they seem to desire.
Be interesting to see what the next crash does for the United States. With ever increasing debt getting to the point of no control and debt ceilings constantly being raised, banks failing, talk of recessions in the EU and US, the inflation issue, it could get a lot worse in the west in the years to come.
Saudi seem to want to play intermediary between the west and Russia which could end up being a dangerous game played...eventually I just think they will have to pick a side.