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It's not complicated. Global political power has always followed economic power. Today, a key part of that aggregation of power is leaving the American orbit & accelerating the collapse of the American led Empire Of Fiat Dollar Debt.
<Gravitas: Saudi Arabia wants to join BRICS
878,292 views
Oct 19, 2022.
South African President Cyril Ramaphosa has claimed that Saudi Arabia wants to join BRICS. He says Crown Prince MBS showed interest in joining the bloc during his recent meeting with him. Is Riyadh trying to disassociate itself from the West? Molly Gambhir reports.>
(Another, among many confirming news commentaries...)
<How Saudi Arabia & Russia Are Collapsing The US Economy? | No Petrodollar Deal & De-dollarization!
105,931 views
Oct 23, 2022
Why is Saudi’s distancing with the US significant enough to completely dent the US petrodollar? The Organization of Petroleum Exporting Countries and its allies, including Russia, decided on October 5th, 2022, to reduce oil production by 2 million barrels per day. The world's economies, particularly those of the US, UK, and India, might suffer greatly from this large amount of oil, which makes about 2% of the global oil supply. Now that both the US and the UK are on the verge of recession, this oil price increase might make things much worse for them! Because of this, the NOPEC law is being passed in the US as retaliation! and the UK government is implementing a Price limit plan!! Consequently, Russia, A ‘strong BRICS’ is all set to annihilate the hegemony of the Petrodollar; BRICS is the powerful association of five major emerging economies namely Brazil, Russia, India, China, and South Africa; The group represents 41 percent of the global population, 24 percent of the global GDP, and around 16 percent of the global trade; All the member nations have been holding annual meetings since its formation in 2009; This year the 14th annual meeting of BRICS nations was held virtually in China;
<How Saudi Arabia & Russia Are Collapsing The US Economy? | No Petrodollar Deal & De-dollarization!
105,931 views Oct 23, 2022 Why is Saudi’s distancing with the US significant enough to completely dent the US petrodollar? The Organization of Petroleum Exporting Countries and its allies, including Russia, decided on October 5th, 2022, to reduce oil production by 2 million barrels per day. The world's economies, particularly those of the US, UK, and India, might suffer greatly from this large amount of oil, which makes about 2% of the global oil supply. Now that both the US and the UK are on the verge of recession, this oil price increase might make things much worse for them! Because of this, the NOPEC law is being passed in the US as retaliation! and the UK government is implementing a Price limit plan!! Consequently, Russia, A ‘strong BRICS’ is all set to annihilate the hegemony of the Petrodollar; BRICS is the powerful association of five major emerging economies namely Brazil, Russia, India, China, and South Africa; The group represents 41 percent of the global population, 24 percent of the global GDP, and around 16 percent of the global trade; All the member nations have been holding annual meetings since its formation in 2009; This year the 14th annual meeting of BRICS nations was held virtually in China;>
