Saturday, March 25, 2023

Unintended consequences of NOT thinking....Russia Turns to China’s Yuan in Effort to Ditch the Dollar

Why is this a big deal now (especially when the article came out late Feb)?

Because its all coming clearly into view.

Think about it.  The US bullies Saudi Arabia, makes talk about green energy in a timeframe that is insanely fast but makes clear that (thru policy) they're willing to hurt its own citizens to make it happen.

The sanctions against Russia don't need explanation but add to it the attempt to blame them for the pipeline explosion.

The rest of the BRIC nations I can't quite get a handle on...especially Brazil but I'm betting that a multi-polar world is more appealing to the current leadership than what we're seeing now.

A certain reader has talked about the Petro-Dollar long before I globbed onto it.

If this hits the way some are thinking then the Petro-Dollar is dead. The American economy is in a hurt locker and economic theory reverts to the base model its always been.

The only good in all this?

Globalization will die. 

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