Are the Saudis still our allies? Saudi Arabia considering joining major economic alliance as oil-rich country considers return to gold standard

Saudi Arabia’s royal rulers appear set to join a powerful economic alliance of nations as well as a return to the gold standard as the country moves further away from its historic ally, the United States, after being shunned and disrespected by the Biden regime.

The Saudis are considering joining BRICS — a coalition of countries consisting of Brazil, Russia, India, China and South Africa — while divesting of Western global powers.

In particular, China and Russia are attempting to woo the Saudis, the world’s leading producer of oil, and even Iran as the coalition seeks to increase its power and align itself as an anti-Western alliance. The Saudis have become increasingly disenfranchised with the U.S.-led West particularly after Biden was installed in the White House and intentionally alienated them.

Big League Politics adds that BRICS is also working with the Shanghai Cooperation Organization (SCO), led by Beijing, “to undermine the globalist world order pushed by corrupt Western powers.”

“The BRICS and the SCO share one important ideological quality: they are both focused on multipolarity, and their summits have even been held back to back with one another at times,” said Matthew Neapole, an international affairs specialist for the Canadian Macdonald-Laurier Institute, in an interview with Newsweek.

“China’s invitation to the Kingdom of Saudi Arabia to join the ‘BRICS’ confirms that the Kingdom has a major role in building the new world and became an important and essential player in global trade and economics,” Mohammed al-Hamed, president of Riyadh’s Saudi Elite group, told Newsweek. “Saudi Arabia’s Vision 2030 is moving forward at a confident and global pace in all fields and sectors.”

In addition, BRICS is also considering a return to the gold standard as Western and Western-aligned governments mismanage their economies and go deeper in debt with massive printing of fiat currency that further devalues their worth.

“The issue of creating an international reserve currency based on a basket of currencies of our countries is being worked out,” Russian President Vladimir Putin said during a recent business forum at BRICS.

Essentially, Putin is estimating that the U.S. empire is spiraling out of control and into oblivion, which will create new opportunities for countries that have not fallen into fiscal corruption and cultural insanity.

“Let me reiterate, the whole global economy and trade have suffered a major blow, as did the trust in the US dollar as the [world’s] main reserve currency,” Putin said after sanctions were put on his nation following his invasion of Ukraine.

“The illegitimate freezing of some of the currency reserves of the Bank of Russia marks the end of the reliability of so-called first-class assets,” he added.

“In fact, the US and EU have defaulted on their obligations to Russia. Now, everybody knows that financial reserves can simply be stolen,” he said.

Regarding those sanctions which included Russian oil, Fox News host Tucker Carlson ripped the Biden regime for essentially putting Russia in the catbird seat when it comes to producing energy for the rest of the world which has not signed on to the nonsensical illusion that solar panels and windmill farms can power a first-world economy.

“China and India already have access to very cheap oil from Russia. Why? Thanks to the Biden administration’s lunatic ban on Russian oil imports for moral reasons. It was a moral victory. The people of Ukraine, remember that? Zelenskyy, he was George Washington, said George W Bush who wouldn’t know George Washington if he got in the shower with him,” Carlson blasted.

“According to customs data, China spent $19 billion on Russia oil, gas and coal earlier this year. That’s double the amount they spent over the same period last year. India spent 5 billion on Russian oil. That’s up five times what they spent a year ago. So, we just made Russia a ton of money,” he added.

“That’s why the ruble is so strong as the dollar is getting weaker. Russia’s raked in $13 billion in additional revenue from India and China compared to the same period last year. Following all this? This is how we’re punishing our enemies by selling off our own most valuable assets and watching Russia and India and, my God, China get richer?” he said.

Sources include:

MAGAConservatives.com

BigLeaguePolitics.com