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China brokered deal between Saudis and Iran. Now Saudi money backs out of Credit Sussie

Posted on 3/15/23 at 12:09 pm
Posted by Jjdoc
Cali
Member since Mar 2016
55377 posts
Posted on 3/15/23 at 12:09 pm
quote:

Credit Suisse shares tank after Saudi backer rules out further assistance








quote:

Arabs walk away from distressed Credit Suisse Bank—stock implodes

…. Chairman refuses to rule out need for government bailout…trading halted in several European Banks





quote:

Shares of Credit Suisse on Wednesday plunged to a fresh all-time low for the second consecutive day after a top investor in the embattled Swiss bank said it would not be able to provide any more cash due to regulatory restrictions.

Trading in the bank’s plummeting stock was halted several times throughout the morning as it fell below 2 Swiss francs ($2.17) for the first time.





Think it's by chance?


LINK

But "Free Traders" love them some CHINA!
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
295458 posts
Posted on 3/15/23 at 12:11 pm to
Its by law. Saudis claim they cannot by law contribute more.
Posted by Santa Claws
Member since Mar 2023
23 posts
Posted on 3/15/23 at 12:14 pm to
Good for China, Iran, Russia, and the Saudis.

Our government corporate system is the greatest threat to normalcy sand morality in the world.
Posted by Bass Tiger
Member since Oct 2014
53649 posts
Posted on 3/15/23 at 12:41 pm to
I was assured by some on this forum the alliance of China, Iran, Russia and Saudis is inconsequential in the fight for global economic dominance and particularly which currency is the defacto world reserve currency.
Posted by POTUS2024
Member since Nov 2022
20943 posts
Posted on 3/15/23 at 12:44 pm to

Biden's disrespect of KSA seems to have produced a catastrophic break in rapport between our nations.

The man is a disaster.
Posted by Lakeboy7
New Orleans
Member since Jul 2011
28178 posts
Posted on 3/15/23 at 12:46 pm to
quote:

Good for China, Iran, Russia, and the Saudis.


quote:

Santa Claws



Renounce your citizenship and I'm happy to buy you a ticket to any country you want to go to.

I'm certain America wont miss you.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
465573 posts
Posted on 3/15/23 at 12:48 pm to
quote:

Biden's disrespect of KSA seems to have produced a catastrophic break in rapport between our nations.


All because of virtue signaling for Khashoggi

It really is incredible
Posted by Santa Claws
Member since Mar 2023
23 posts
Posted on 3/15/23 at 12:52 pm to
No Iranian ever called me white privileged
Posted by rhar61
Member since Nov 2022
5109 posts
Posted on 3/15/23 at 12:54 pm to
quote:

Renounce your citizenship and I'm happy to buy you a ticket to any country you want to go to.

I'm certain America wont miss you.



bullshite

Leftists such as yourself make these promises all the time and never keep them.
Posted by Rip Torn
Member since Mar 2020
5729 posts
Posted on 3/15/23 at 1:02 pm to
You think China and Saudi Arabia are voices of reason and stability? That’s a comically bad take
Posted by Santa Claws
Member since Mar 2023
23 posts
Posted on 3/15/23 at 1:05 pm to
quote:

You think China and Saudi Arabia are voices of reason and stability? That’s a comically bad take

I think we need to take the log out of our own eye before anything else. China and the Saudi's aren't concocting the Great Replacement
Posted by teke184
Zachary, LA
Member since Jan 2007
103112 posts
Posted on 3/15/23 at 1:10 pm to
Not that I am cheering for financial Armageddon but the Swiss banks can frick off.

Lots of shady shite in their past, including but not limited to stealing all the assets of Jews killed in the Holocaust in a tacit agreement with Germany.
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
94735 posts
Posted on 3/15/23 at 1:11 pm to
The Petro Yuan could be a reality as soon as 2023 (or early 2024).

Talk about a cataclysm for the U.S....
Posted by Penrod
Member since Jan 2011
51974 posts
Posted on 3/15/23 at 1:17 pm to
quote:

China and the Saudi's aren't concocting the Great Replacement

China is.
Posted by SlimTigerSlap
Member since Apr 2022
4313 posts
Posted on 3/15/23 at 1:19 pm to
quote:

The Petro Yuan could be a reality as soon as 2023 (or early 2024).

Comical
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
94735 posts
Posted on 3/15/23 at 1:36 pm to
quote:

Comical


If the Saudis, Iranians and Russians said they would accept only Yuan for oil beginning 1/1/2024, how comical would that be?
Posted by SlimTigerSlap
Member since Apr 2022
4313 posts
Posted on 3/15/23 at 1:54 pm to
quote:

If the Saudis, Iranians and Russians said they would accept only Yuan for oil beginning 1/1/2024, how comical would that be?

It's never going to happen. Nobody on Earth manipulates currency like China.
Posted by broadhead
Member since Oct 2014
2481 posts
Posted on 3/15/23 at 1:57 pm to
quote:

The Petro Yuan could be a reality as soon as 2023 (or early 2024).


Nuclear war will happen before the US allows the dollar to not be used as the preferred Petro currency.
Posted by Gifman
Member since Jan 2021
17268 posts
Posted on 3/15/23 at 1:57 pm to
quote:

The Petro Yuan could be a reality as soon as 2023 (or early 2024).



Would probably lead to war.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
295458 posts
Posted on 3/15/23 at 2:00 pm to
quote:


If the Saudis, Iranians and Russians said they would accept only Yuan for oil beginning 1/1/2024, how comical would that be?



Some people just believe the world economy is magical and will forever be propped up and stable. Its not hyperbole to say seams are stretched and popping, it will not take much from here on out.

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