ACP45 wrote:
Understanding the significance of the Petro-Dollar is fundamental to understanding virtually all of the US's foreign policy decisions vis-a-vis other nations, especially those that have attempted to subvert this economic mechanism.
The attached pdf is an article written by By L. Reichard White dated May 11, 2019. In my opinion, it lays out very clearly, the reasons why Iraq, Venezuela, Russia, Iran, and China are being demonized, and economic sanctions employed to keep the status quo in place. For those with short attention spans, this is not for you. For those that are truly curious, and willing to consider a viewpoint contrary to the MSM, I highly recommend this article.
Understanding the significance of the Petro-Dollar... (
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I think that sums it up quite well, especially the part about how 80% of the currency is held offshore, thus domestic inflation is kept in relative check compared to the amount of currency inflation under way.
Yeah... It will, inevitably, eventually all collapse in on itself. Who's going to be left holding the bag (of fiat dollars)?