France and Eurozone s debt crisis is now so bad that Saudi Arabia only had to threaten to sell their bonds to force G7 to abandon its plan to confiscate Russia s 300 B in assets

Debt has become the Achilles heel of  the WEF, NATO.  

The private bankers who have created the debt burden for nation states want to have their cake and eat it.

They want to use what remains of the looted, hollowed out, authoritarian West to destroy their competitors Russia and China, whose states have control of the legal tender and money.

But the private dollar and euro debt crisis is now of a scale that it can force the WEF elite to change geopolitical decisions. Just by threatening to sell euro debt, especially French treasuries, and so push up the interest rate in France, Germany and the eurozone, fuelling inflation and hyperinflation, Saudi Arabia compelled the WEF elite to relinquish their plan to seize Russia s 300 B in frozen assets.

China can also destroy the USA s economy and finances by selling its Treasuries as well as stopping all exports, causing a wave of inflation, economic contraction and the collapse of the dollar.

From Zerohedge

 In a fascinating geopolitical development, Bloomberg reports that Saudi Arabia privately hinted earlier this year it would sell some (or all) of its European debt holdings if the G-7 confiscated Russia's frozen assets.

ow we know, and as Bloomberg notes "the Kingdom’s finance ministry told some G-7 counterparts of its opposition to the idea, which was meant to support Ukraine, with one person describing it as a veiled threat." The Saudis specifically mentioned debt issued by the French treasury, two of the people said.

Most of the $300 billion in frozen Russian assets are held in Europe - particularly France, Germany, and Belgium. Which makes today's report from Bloomberg even more interesting from a geopolitical fissures perspective, as it means that as a result of its ability to spark a liquidation panic in Europe's unstable bond market, it has far more leverage than Ukraine and the "virtue signaling" western media.

Now, notably, Macron called an election and that election swung wildly to the far-left in the interim, but since these 'talks' happened with the Saudis, French bond yield spreads to Germany have exploded wider...

Surely this selling panic coming at a time when the Saudis are using French bonds as political leverage, was just a coincidence.

Curiously, while Saudi Arabia has maintained strong relations with Moscow, it has also built ties with Ukraine. And yet, it is clear that when push comes to shove, the Crown Prince is firmly in Putin's corner.

Bloomberg concludes by noting that whatever its motive, Saudi Arabia’s move underscores its growing clout on the world stage and the G-7’s difficulty in garnering support from so-called Global South nations for Ukraine.

https://www.zerohedge.com/geopolitical/veiled-threat-saudis-warned-g-7-against-russian-asset-seizure-plan