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@ Implausible Deniability
2025-05-06 23:21:47
📣📣Crazy News Alert:
China and Saudi Arabia may have just killed the Petro dollar.
The biggest news today isn't even being reported but it explains Trump's sudden trip to the middle east and not to the UK or Israel. It explains why Trump also stopped provoking Yemen and said they could attack Israel no problem.
Because of the 2-Tier nature of the Chinese RMB Yuan, onshore and offshore; and the fact that China has capital controls for its domestic RMB Yuan, the Saudis needed extra assurances that the RMB Yuan can be freely convertible to physical #Gold.
The Shanghai Gold Exchange International (SGEI) was the first step (as pointed out by Luke Gromen) but it wasn鈥檛 enough because the physical #Gold is located at SGEI vaults located in China.
The Saudis needed extraordinary assurances. The extraordinary assurances came in the form of SGEI vault that located in Saudi Arabia (announced recently by the Chinese government). This means the physical #Gold will be within Saudi Arabia jurisdiction.
This means it is GAME ON!
Details provided by Eric yeung and Kathleen Tyson