• BRICS Power: Saudi Arabia Threatens To Sell European Securities If West Confiscates Russian Assets

    July 9, 2024
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    The Kingdom of Saudi Arabia threatened European leaders at the recent G7 meeting with the massive sale of European securities if the West moves to confiscate over $300 billion in Russian assets to inject money into the Ukrainian conflict.

    Selling European debt at scale would likely collapse national economies.

    The Russian-owned securities held at Western banks for collateral were frozen but the underlying ownership was not yet altered.

    Seizing the assets would be a sea change in how sanctions are applied globally.

    The incident shows the growing financial power of the BRICS nations in the face of Western (cabal controlled) financial irresponsibility.

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    CDM Staff

    The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."
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