The wind blows eastwards, the Saudis know it
Alastair Crooke- Accelerating inflation is everywhere -- that’s obvious. Fiat currencies are sinking in real terms. And commodity-backed currencies that have implicit real value are being sought (i.e.
Accelerating inflation is everywhere — that’s obvious. Fiat currencies are sinking in real terms. And commodity-backed currencies that have implicit real value are being sought (i.e. the rouble).
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https://thealtworld.com/alastair_crooke/the-wind-blows-eastwards-the-saudis-know-it