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>there's little reason to expect it won't There are huge reasons to expect it won't. It's not like Saudi Arabia just woke up one day and decided to trade in do
by swebs 9y ago
>there's little reason to expect it won't
There are huge reasons to expect it won't. It's not like Saudi Arabia just woke up one day and decided to trade in dollars because the dollar was strong. It was part of an agreement where the US promised military aid and supplies.
https://www.bloomberg.com/news/features/2016-05-30/the-untold-story-behind-saudi-arabia-s-41-year-u-s-debt-secret https://www.bloomberg.com/news/features/2016-05-30/the-untol...
- mistermann 9y agoYes, and as America's economic power (and unity) wanes, it is losing its ability to sustain its freakishly powerful military, while China's meteoric rise makes them a very attractive new primary strategic partner. There's certainly all sorts of behind the scenes "influence" the US can still apply to traditional "allies", but the reason they've been able to do this so successfully is because of their economic dominance, which is disappearing relatively rapidly.