This development isn’t even reported in main stream news today but it is huge for the dollar. You can bet that once the western nations get over the “major” news of the day ( Republican debate), this will register. One of the major reasons the U.S. dollar became the world’s reserve currency was us protecting Saudi Arabia in return for them taking ONLY U.S. dollars as payment for oil. That looks to be starting to end as Saudi is now aligned with Russia and China and no longer relies on us for “protection”. Big banks are doing everything to suppress gold and silver today. So far it’s working since 99.9% of the U.S. population is unaware what this means. Might be a good time to stack some PHYSICAL.
h/t Plpjap22
See also BRICS reveals symbolic banknote at Kazan, advocating local currencies over dollar reliance.
Views: 96