They rely on other countries using the Petrodollar, not buying oil. Once other countries move to another currency America will go bankrupt, and that isn’t speculation, it’s very much reality. America is doing everything to stop this.
It won’t work though, the talk have already started happening. Americans better get used to the a lower standard is living because it’s going to be impossible to increase moving standards under the current debt.
One of the reasons the petroyuan was created was that Russia, Venezuela and Iran may be able to avoid the United States’ sanctions, so nations such as Saudi Arabia, one of the main oil producers and extractors could avoid dollar hegemony and U.S. pressure. The yuan’s main problems are its volatile liquidity and short scale extension, however the Chinese government intervened increasing its gold reserves to back the petroyuan.
Lower? Bitch if we stop being a world power our standard of living will probably get higher. We can stop wasting all our resources on the military and propping up stupid shit and actually get some fucking healthcare.
I disagree with this, our standard is living is only possible because we “tax” the world though money printing. When other countries stop using the dollar we will no long be able to run on debt. A lot of things we pay for will shutdown.
They rely on other countries using the Petrodollar, not buying oil. Once other countries move to another currency America will go bankrupt, and that isn’t speculation, it’s very much reality. America is doing everything to stop this.
It won’t work though, the talk have already started happening. Americans better get used to the a lower standard is living because it’s going to be impossible to increase moving standards under the current debt.
The petrodollar was slowly dying already and the iran war is the final nail in the coffin
I agree.
Oil’s being openly sold in yuan now and america can’t do anything about it
where???
One of the reasons the petroyuan was created was that Russia, Venezuela and Iran may be able to avoid the United States’ sanctions, so nations such as Saudi Arabia, one of the main oil producers and extractors could avoid dollar hegemony and U.S. pressure. The yuan’s main problems are its volatile liquidity and short scale extension, however the Chinese government intervened increasing its gold reserves to back the petroyuan.
Lower? Bitch if we stop being a world power our standard of living will probably get higher. We can stop wasting all our resources on the military and propping up stupid shit and actually get some fucking healthcare.
I disagree with this, our standard is living is only possible because we “tax” the world though money printing. When other countries stop using the dollar we will no long be able to run on debt. A lot of things we pay for will shutdown.