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Yes, the US went from backing USD by gold to oil quite some time ago. The exchange rate is not quite fixed, but it’s upheld by the US military against anyone wh

Yes, the US went from backing USD by gold to oil quite some time ago. The exchange rate is not quite fixed, but it’s upheld by the US military against anyone who would try to exchange oil for anything but USD.

jacobush 9y ago
Oh, down vote, no voice. What started the Iraq war? Russia and Iraq wanted to create a new exchange dominated in Euro. Try that shit again and see how far you go.
- konart 9y ago
  Russia has exchanges in local currency with several countries already. No problem with that. And that Iraq shit won't happen this easily anymore.
  - jacobush 9y ago
    But do they have any of “our” countries?