Stratford57
Diamond Member
And stupid and counter productive sanctions may affect US dollar as well.We are PEGGED to the Petro dollar..........Saudi Arabia helps control the price of oil GLOBALLY............Also holds bonds...........China has already Depegged the dollar..............BRIC which includes Russia is also trying to change the currency basket.............Depegging the Dollar across the globe would frag us.........because of our debt. and lead to WWIII.And I wonder why US is allies with Saudis, you certainly can't call them good either especially after that ugly planned assassination. But.. billions of dollars contracts and controlling the oil prices must be making them look like angels.I don't understand why the US is allies with Erdogan, he's no good.
Saudi Arabian Prosecutors Now Say Jamal Khashoggi's Killing Was Planned
Aug 14:
Sergey Lavrov: Sanctions are illegal and undermine every principle of global trade and the principles upheld by UN resolutions, according to which unilateral measures of economic coercion are illegitimate.
I’m confident that such a gross abuse of the role of the US dollar as a world reserve currency will undermine that role. To be on the safe side, more and more countries, even the ones that are not affected by US sanctions, will gradually stop using the dollar and rely on more dependable partners with whom they can agree on using their currency.
Foreign Minister Sergey Lavrov’s remarks and answers to media questions following a meeting of Turkish ambassadors and permanent representatives at international organisations, Ankara, August 14, 2018