Gold Telegraph
@GoldTelegraph
Why does Saudi Arabia use the dollar in energy trade?
In the 1970s, Washington promised to supply military equipment to Saudi Arabia and safeguard its national security.
They are now walking a careful path of diplomacy.
The dollar is backed by violence.
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Gold Telegraph
@GoldTelegraph
Saudi Arabia has been lobbying the West to avoid seizing assets, fearing for the future of their reserves.
Do you think the Kingdom doesn’t consider the weaponization of the Western financial system in its future planning?
Project mBridge is a signal.
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Gold Telegraph
@GoldTelegraph
Saudi Arabia sold $15 billion worth of US stocks in the 1st quarter.
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Gold Telegraph
@GoldTelegraph
Saudi Arabia is building its economy on a diverse range of hard assets.
They are dumping US stocks now.
They have made it clear they are open to trading in currencies other than the dollar.
They are playing their cards carefully.
