Saudi Arabia has begun negotiations with China to supply oil to the Middle Kingdom. This news would not have attracted much attention if it were not for one “but”. The deal is expected to be settled in Chinese yuan, not the usual dollars, Prime reported, citing the U.S. media.
It seems important that even non-Republican publications, such as the business mouthpiece The Wall Street Journal, criticized the Joe Biden administration, accusing it of losing credibility with the largest oil exporter.
Trust is what counts! Photo: Yandex ”
Washington’s cavalier disdain, based on ostentatious virtue and a manic predilection for green energy, has led to the current developments,” the WSJ wrote
The WSJ makes a rather lengthy list of strategic mistakes, including the Iran nuclear deal, the lack of a clear-cut position on Yemen, and the disgraceful withdrawal from Afghanistan, which debunked the myth of an invincible US military.
I might add that blocking Russia’s gold reserves also deserves a lot of credit for this loss of confidence. If America can afford to harass a nuclear power, Washington certainly won’t cower in a bidding war with Riyadh.
Well, the trend is gaining momentum. Congratulations to the world community on the beginning of the liberation trend from the oppression of the U.S. currency.