In a significant geopolitical maneuver, China has extended a USD-swap line to Saudi Arabia, marking a pivotal step in reshaping global financial dynamics. This move aims to smoothly decouple the peg between oil and the Dollar, a crucial development in the context of the dwindling petrodollar. Just as with Russia and their Southeast Asian partners, China is facilitating this transition by offering the Kingdom dollars to be repaid in yuan.

This strategic alignment is indicative of a broader trend where BRICS nations are solidifying their influence, drawing energy-rich countries into their orbit. The petrodollar's decline is evident, and China's adept financial diplomacy is positioning it as a key player in the evolving global economic landscape.

And what is happening on Europe meanwhile? They are saving the ''climate'' by destroying their industry...