21 sats \ 0 replies \ @kilianbuhn 15 Mar 2022
The world is changing and so many people are oblivious to it.
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20 sats \ 1 reply \ @Jorj_X_McKie 15 Mar 2022
How legally binding is the oil for dollars + protection deal that USA made with the Saudis in the 70s? Can SA just partially break it?
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10 sats \ 0 replies \ @nout 16 Mar 2022
"legally binding" doesn't really work on nation level. The nation will follow the deal as long as it's worth it for them (considering sanctions, etc)
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20 sats \ 0 replies \ @k00b 15 Mar 2022
If this is true, it really is the end of Bretton Woods 2. A lot of the petrodollar commentary I've listened to seems to imply that we went to war over ensuring oil was sold for dollars. If that's in fact the case, what happens now? War with who?
Here's the paywall free link: https://archive.ph/pD9A0
This dude wrote a book on de-dollarization but kind of scary to think about what the US will do in such circumstances.
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0 sats \ 6 replies \ @cryptocoin OP 15 Mar 2022
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50 sats \ 0 replies \ @Jorj_X_McKie 15 Mar 2022
A stronger yuan brings its own problems to CCP planners. I wonder if they are going to de-emphasize their cheap-exports manic economy?
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0 sats \ 4 replies \ @cryptocoin OP 15 Mar 2022
This replies to this Tweet are worth checking out:
As are the Quote Tweets of it:
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0 sats \ 3 replies \ @cryptocoin OP 15 Mar 2022
And the same for the Tweet from ZeroHedge:
Along with the Quote Tweets for theirs as well:
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0 sats \ 2 replies \ @cryptocoin OP 15 Mar 2022
There was a post previously on SN about the short film Petrodollars movie:
Petrodollars Film
#839
https://www.petrodollarsfilm.com
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0 sats \ 1 reply \ @cryptocoin OP 15 Mar 2022
Here's another relevant post on SN:
Block007 - Discussing Alex Gladstein’s ’Uncovering the Hidden Costs of the Petrodollar’ | The Bitcoin Journey Podcast
#8614
http://thebitcoinjourney.org/e/block007-uncovering-the-hidden-costs-ofthe-petrodollar-by-alex-gladstein
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0 sats \ 0 replies \ @cryptocoin OP 16 Mar 2022
And, a post from ZeroHedge:
Petrodollar Cracks: Saudi Arabia Considers Accepting Yuan For Chinese Oil Sales
https://www.zerohedge.com/markets/petrodollar-cracks-saudi-arabia-considers-accepting-yuan-chinese-oil-sales
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