pull down to refresh

It looks like the Saudis trying to break the oil-usd-peg. Rising oil prices could push them to act quickly to minimize a potential domestic currency shock. Are we witnessing here the slowly than suddenly occuring de-throning of an empire that is facing a fast growing geopolitical power in the BRICs group? The US at this moment needs to export its new issued USD (mostly Bonds) to finance its exploding double deficit.

Yes!

I think the days of USD dominance have come to an end.

It's just a matter of 2-3 years.

Let's see how that plays!

reply

deleted by author

deleted by author