Xi says summit with Gulf, Arab League is 'milestone'. U.S. wary of growing Chinese influence in Arab world. Arabs defy U.S. pressure to limit China ties, cut off Russia. Summits showcase Saudi Crown Prince Mohammed as key leader.
More nails in the petro dollar coffin. The US is becoming a country that has nothing to offer its partners other than drag queen story hour and exported inflation with its backed by nothing printed money. China bought 300 tons of gold in this last quarter to add to its already huge holdings. The rest of the world is planning a commodity backed currency to replace the USD. Wonder how Panama will fair when this happens?