In short, the ECB and the USA printed trillion. dollars and euros, they then raised interest rates because of inflation which inflation rose because of the war and the sanctions they imposed on Russia to collapse its economy.
At the same time, the Biden administration was already spending American taxpayers' money on Ukraine. Over 100 billion dollars went to Kiev which made the situation worse.
The Chinese then started selling US bonds, preparing to invade Taiwan. Months before they had proceeded with a "stress test" on banks and the economy to see the vulnerable points in case of American and European sanctions.
In addition, the Russians threw the dollar out of their trades while Saudi Arabia was later added to the group. The US-Riyadh crisis is unprecedented and shows what is coming to the dollar.
The "United East" will continue to beat the American and European banks by laying the groundwork for a new currency. A currency that will not be based on compressed air but on resources, energy, natural gas, etc"
Apparently this will happen in August with the BRICS. Sounds like the Saudi's are putting the hammer down on the US and the Swiss and joining the BRICS
S.Arabia to USA: Not a drop of oil to anyone who imposes a ceiling
No more money for Credit Suisse That's what Saudi National Bank Chairman Ammar Abdul Wahed Al Khudairy told @youseftv when asked about more assistance for the troubled lender
linky
Actually it could very well happen. Even according to people that thought the dollar was strong enough to last a longer time. The juveniles in the WH don’t comprehend that.I
Politically, this is an opportune time for China and Russia to make their move, with the weak WH.