{"id":65183,"date":"2023-03-18T06:20:56","date_gmt":"2023-03-18T11:20:56","guid":{"rendered":"https:\/\/olduvai.ca\/?p=65183"},"modified":"2023-03-18T06:20:56","modified_gmt":"2023-03-18T11:20:56","slug":"iran-saudi-rapprochement-will-deal-a-deathblow-to-the-dollar","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=65183","title":{"rendered":"Iran-Saudi Rapprochement Will Deal A Deathblow To The Dollar"},"content":{"rendered":"
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Iran-Saudi Rapprochement Will Deal A Deathblow To The Dollar<\/a><\/h3>\n<\/div>\n<\/header>\n
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\nJacob Lawrence\u00a0Struggle: From the History of the American People, Panel 8\u00a0<\/b>1954<\/center><\/center>Eurasia\u2019s geo-economic integration took a great leap forward as a result of the\u00a0Iranian<\/a>\u2013Saudi<\/a>\u00a0rapprochement<\/a>, which unlocks the Gulf Cooperation Council\u2019s (GCC) trade potential with Russia and China. Its wealthy members can now tap into two series of Iranian-transiting megaprojects in one fell swoop through this deal, with the\u00a0North-South Transport Corridor<\/a>\u00a0(NSTC) connecting them to Russia while the\u00a0China-Central Asia-West Asia Economic Corridor<\/a>\u00a0(CCAWAEC) will do the same vis-\u00e0-vis China.<\/p>\n

The bloc\u2019s de facto Saudi leader has been prioritizing a comprehensive economic reform policy known as \u201cVision 2030<\/a>\u201d that was introduced by Crown Prince and first-ever Prime Minister\u00a0Mohammed Bin Salman<\/a>\u00a0(MBS<\/a>) upon his rise to power in 2015. It regrettably stumbled as a result of the disastrous\u00a0Yemeni War<\/a>\u00a0that he\u2019s been waging since that same year, but everything is now back on track and more promising than ever after securing\u00a0$50 billion worth of investments from China<\/a>\u00a0last December.<\/p>\n

The People\u2019s Republic regards Vision 2030 as complementary to its Belt & Road Initiative (BRI) due to MBS\u2019 focus on real-sector investments for preemptively diversifying the Saudi economy away from its presently disproportionate dependence on oil exports. His country\u2019s location at the crossroads of Afro-Eurasia also makes investments there extremely attractive from the perspective of China\u2019s logistical interests, hence its massive commitment to his comprehensive economic reform policy.<\/p>\n

Without last week\u2019s Beijing-brokered deal, China would have had to rely on maritime routes under the control of the powerful US Navy to facilitate the forthcoming explosion in bilateral real-sector trade, but now everything can be conducted much more securely via the Iranian-transiting CCAWAEC. Looking forward, there\u2019s also a theoretical possibility of Chinese energy investments in Iran connecting the Gulf to Central Asia and thenceforth to the People\u2019s Republic, thus fully securing its strategic interests.<\/p>\n

\u2026click on the above link to read the rest\u2026<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Iran-Saudi Rapprochement Will Deal A Deathblow To The Dollar Jacob Lawrence\u00a0Struggle: From the History of the American People, Panel 8\u00a01954Eurasia\u2019s geo-economic integration took a great leap forward as a result of the\u00a0Iranian\u2013Saudi\u00a0rapprochement, which unlocks the Gulf Cooperation Council\u2019s (GCC) trade potential with Russia and China. Its wealthy members can now tap into two series of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,3,5],"tags":[6108,33787,1860,130,212,441,7925,33788,701,934,5177],"class_list":["post-65183","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","category-geopolitics","tag-andrew-korybko","tag-belt-road","tag-brics","tag-china","tag-dollar","tag-iran","tag-mbs","tag-nstc","tag-saudi-arabia","tag-sco","tag-the-automatic-earth"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/65183","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=65183"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/65183\/revisions"}],"predecessor-version":[{"id":65184,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/65183\/revisions\/65184"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=65183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=65183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=65183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}