Nope. I dont think it will myself.
China and Iran will take all the Russian Oil, gas, grains and whatever and will help shore up their economy while the rest of us will find out it wont be good for us.
Also..Putin was supposed to have built up a pretty good sum of emergency funds for this purpose.
Besides all that, and the gold they hold, they hold twice as much in diamond reserves than most of the world. All China has to do is transfer about half of those things to their country and send it out on the markets and guess what.
Looks to me they will collapse the USD.
Besides all that, and the gold they hold,
“ China and Iran will take all the Russian Oil, gas, grains..”
China just inked a deal with Russia to take all the wheat they can deliver. Ukraine grows a hell of a lot of wheat.
Hmmmm
L
When Russia and China signed their Partnership compact in February 2022, I wondered if they had different ideas than Klaus Schwab on a “New World Order”?
China and Iran, two countries having their very own serious financial and socio economic woes. That is likely not going to make a strong economic bloc along with Russia.