- Follow the Money Published on Oct 6, 2017
In this brief audio clip, Christian economist Jerry Robinson shares his insights into the warming of ties between Saudi Arabia and Russia and explains what it could mean to the failing petrodollar system. Read more about the petrodollar system here… http://ftmdaily.com/petrodollar
Russian President Vladimir Putin hosted Saudi Arabia’s King Salman for talks at the Kremlin on Thursday, cementing a relationship that is pivotal for world oil prices and could decide the outcome of the conflict in Syria. King Salman, the first sitting Saudi monarch ever to visit Russia, led a delegation to Moscow that agreed joint investment deals worth several billion dollars, providing much-needed investment for a Russian economy battered by low oil prices and Western sanctions. Saudi Arabia said it had signed a memorandum of understanding on the purchase from Russia of S-400 air defense systems. That marked a shift for the kingdom, which buys most of its military kit from the United States and Britain.