“Saudi Arabia to Join BRICS New Development Bank Amidst US Economic Crisis”

In the United States, the economic crisis is gathering momentum, including the discussion of increasing the national debt. Western capital is expecting a “black swan” that may appear on the markets in early June, the world media reports.

One of the key factors is the spending of the US budget on the Ukrainian crisis and the financing of the armed forces of Ukraine.

In the United States, the bankruptcy of the state would lead to the resignation of Joe Biden’s team, which in turn means an extremely negative outcome for the office of Vladimir Zelensky, who does not have enough money for the army.

However, Telegram channels believe that a US bankruptcy is unlikely – the hegemon will do anything to maintain its global monopoly on world capital. However, China did not fail to take advantage of the opportunity and BRICS immediately reacted to the situation.

According to the Financial Times, Saudi Arabia has begun negotiations to join the BRICS New Development Bank. If the deal is successful, Saudi Arabia will become the ninth country in the organization of the world’s largest developing economies, which represents an alternative to the West’s Breton system.

Translation and editing: BLITZ

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