What do they need USD for? Why do you think they're taking their toll payments in Yuan? Nobody will need USD when this is over. Sanction away! As the world laughs.
its more complicated than "people wont need usd" its a fundamental attack on why USD is valuable to begin with
quick history/economics lesson
ok 1971, nixon FULLY takes us off the gold standard
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ruh ruh, no the dollar isent backed by anything, how do we keep people beliving in the dollar into the future?
enter 1974 and the Petrodollar
Kissinger went to Riyadh and secured a deal where all gulf states would PROMISE to forever only sell their oil ins USDD, not pound sterling, not euros, not yuan, USD only
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in no small way this is what has allowed us to have a completely fiat money system, while having no heavy industry yet still controlling the world financial system, we made the gulf countrys promise to make the US currency the only way nations can get vital oil
What did they gulf states get in return? We promised to protect them from any attacks
and as we all know we are kinda fucking up our end of the bargain
