TOP 5 COUNTRIES OPTING TO DITCH US DOLLAR & THE REASONS BEHIND THEIR MOVE
I'm not going to go into the list of countries or their motives. But what I want to do is highlight why this is a huge deal, for quite literally everyone alive. But first, to understand that, we must first understand the nature of the dollar as the worlds currency.
You see, when a man loves a woman, and both have 10 minutes left on their respective lunch breaks...
I mean, when a country loves oil and they have the worlds largest most powerful military with the good ol' "if we can't rule the world, no one can!" nuclear arsenal as the ultimate fallback plan... it leads to one nation having an untold empire with vast amounts of wealth and power.
Enter: the petrodollar. What is a petrodollar you might ask? Well, even if you didn't ask, and I know you didn't because thats a pumpkin spice latte in your hand and I know that shit is too good to be drinking and pay attention to what some jerk-wad on the internet thinks.
But anyway, the petrodollar is simply put: any U.S. dollar that is used to pay oil exporting countries in exchange for oil.
The U.S. history with Saudi Arabia goes back about a century but it doesn't look like what it does today until after WWII when U.S. planners called the oil in the region “a stupendous source of strategic power, and one of the greatest material prizes in world history”.
In the 1970's the relationship between the two governments (read: ruling classes) became even more intertwined when President "not a crook" Nixon took the dollar off the gold standard.
Essentially, the dollar is hinged on global oil trade. As I pointed out above, many nations are doing what they can to circumvent this. I don't really know how the U.S. will react to this, my guess is with unnecessary force and war. The only thing that is certain is that the world order is shifting and its largely due to U.S. actions since it took the imperial mantle in 1945.
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