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IPFS News Link • Economy - International

Global Alliances are Changing… Here's What it Means for the Current World Order

•, by Chris MacIntosh

Saudi Arabia's King Salman bin Abdulaziz approved a Memorandum of Understanding (MoU) that grants the Kingdom the status of a dialogue partner in the Shanghai Cooperation Organization, the official Saudi Press Agency (SPA) reported on Tuesday.

In late 2021, following the absolutely atrocious withdrawal of US troops from Afghanistan (leaving US citizens on the ground, including those who worked for the US) and the resulting subsequent slaughtering of "sympathizers" and their families (oh, you didn't see that on mainstream media… weird), we explained that there were two key countries to focus on: Saudi Arabia and Taiwan. The reason? Both relied on US protection for their very existence. It wasn't even a month after the US withdrawal in Afghanistan that the Saudis struck a military deal with Russia, moving rapidly to secure their new military partner. Their main economic partner, we already know, is now China.

As I have said repeatedly, where trade goes so go military and political alliances.

Now, realize this war is fought on multiple fronts. As the West attempts to destroy demand for oil, OPEC+ fights back.

Of course they did.

OPEC+ announced a surprise oil production cut of more than 1 million barrels a day, abandoning previous assurances that it would hold supply steady and posing a new risk for the global economy.

While the US strategic Oil Reserve chart now looks like an NFT price chart.