Saudi Arabia Joining BRICS Bank

The Western media is downplaying it or just not even mentioning it at all (as they babble on with nonsense, like this debt ceiling gibberish), but Saudi Arabia, once a firm ally of the US, has totally switched sides.

The impetus for this was the war in the Ukraine, which showed that the US is unhinged and out of control, and therefore not a viable partner for a serious country.

Also, the Saudis were sick of being lectured about how they should have anal sex with men.


The New Development Bank (NDB) of the BRICS group of major emerging economies is currently in talks with Saudi Arabia on admitting the kingdom as its tenth member, the Financial Times reported on Sunday.

The move is expected to cement ties between the Shanghai-based lender, established by BRICS (Brazil, Russia, India, China, and South Africa) back in 2014, with the world’s second biggest producer of oil.

“In the Middle East, we attach great importance to the Kingdom of Saudi Arabia and are currently engaged in a qualified dialogue with them,” the NDB said in a statement seen by FT.

Launched with the purpose of financing infrastructure and sustainable development in member states and other emerging economies, the NDB has expanded its membership to include Bangladesh, the United Arab Emirates, Uruguay and Egypt. It has lent $33 billion to more than 96 projects in the five founding member nations.

The multinational financial institution is preparing to embark on a formal evaluation of its funding options, which were shaken after Russia was hit by several waves of Western sanctions over its military operation in Ukraine. The BRICS bank is scheduled to hold its annual meeting from May 30-31.

For Riyadh, membership in the bank offers the prospect of strengthening bonds with the BRICS member states. The five economies account for more than 40% of the world’s population and nearly a quarter of global GDP.

It’s totally unclear how the US thought the world would react to their sanctions on Russia and their “endless war” adventure in the Ukraine.

What is now clear is that the US empire has totally lost the plot, and is no longer capable of acting in rational self-interest.

China has already won.