Singapore Central Bank Posts S$7.4 Billion Loss
https://www.thefinancialtrends.com/2022/07/22/singapore-central-bank-posts-s7-4-billion-loss/
I have this awful feeling in my bones that the dollar may collapse this week - or quite soon. The imbeciles running our country from D.C. have strengthened an otherwise vulnerable Russian Ruble and Chinese Yuan while putting the dollar in an increasingly untenable position... just MHO.
Papa Joe Bitem's visit to Saudi Arabia is the tipping point. For many decades the Saudi's have boosted the dollar by selling their oil only in currencies indexed to the dollar. By sending Bitem packing one wonders what will become of the dollar.
Meanwhile our oil embargo against Russia is greatly boosting the value of the Ruble - exactly the opposite of DC's intentions. Europe is now facing a winter crisis without Russian gas and oil. (Didn't PDJT warn them of this?) China is courting Russia and Iran due to their energy production, drawing them closer together. India, normally a close friend of America, is being drawn towards Russia for various reasons.
A global unstable conditional change is starting to take place. What could reestablish stability is a flight from the dollar, generated by the Saudi's abandoning the dollar by changing the basis for the world's reserve currency. Just MHO.