Dave Ramsey

This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.

SoonerP226

Sharpshooter
Special Hen
Joined
Jan 1, 2013
Messages
14,738
Reaction score
16,589
Location
Norman
Well, all of the above is according to news sites from around the world, not "conspiracy theorists".
That’s what the conspiracy theorists said, too.

It’s not the events, it’s the interpretation of the events. Some say the Saudis are trying to unseat the dollar as the reserve currency, but there’s a simpler explanation—they’re agreeing to accept the yuan because they need a military protector to offset the Iranians now that the US is trying to GTFO of the Middle East. It’s not like the Japanese or Brits are interested in sending their navies to keep the Persian Gulf or Red Sea open, so they don’t have a lot of choices once the US Navy bails out for good.
 

cjjtulsa

Sharpshooter
Special Hen
Joined
Feb 4, 2009
Messages
7,308
Reaction score
2,548
Location
Oologah
That’s what the conspiracy theorists said, too.

It’s not the events, it’s the interpretation of the events. Some say the Saudis are trying to unseat the dollar as the reserve currency, but there’s a simpler explanation—they’re agreeing to accept the yuan because they need a military protector to offset the Iranians now that the US is trying to GTFO of the Middle East. It’s not like the Japanese or Brits are interested in sending their navies to keep the Persian Gulf or Red Sea open, so they don’t have a lot of choices once the US Navy bails out for good.
Sound like a conspiracy theory.

And I never said the Saudis were trying to unseat the dollar; they are looking for a way to hitch their wagon to a potential currency that isn't obviously in steep decline. Better to get contingency plans rolling now. And the U.S. isn't leaving the Middle East, not with our "greatest ally" constantly clamoring for help.
 

Latest posts

Top Bottom