Iran and Russia both are big source of oil, supplying oil to many countries. Both countries are economically strong and have a very good relationship. Russia is also part of
BRICS while Iran will join in the Jan 2024.
Now
news come out that both countries are trying to ditch US dollar for which they have now planned to trade in local currencies. what do you think this movement will help both countries? will It has any bad impact on US dollar?
All we talk is just the oil but our fiat currencies are based on more of MBS mortgage backed securities.
In other words central banks print money wall street take it playing with this money and then through commercial banks drive up real estate prices.
It's not the oil what backing up USD currency supply so much but more MBS that's why the real estate prices are so high becouse they keep making new money out of mbs with more mbs mortgage contracts as collateral.
It's kind of secret of wall st.