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On the other hand, many nations are making a concerted effort to undermine America's position as the global financial hegemon (e.g. Europe's INSTEX). What woul
by big_chungus 7y ago
On the other hand, many nations are making a concerted effort to undermine America's position as the global financial hegemon (e.g. Europe's INSTEX). What would America's recourse be were she to lose her control over global financial markets?
- jacquesm 7y agoAs long as oil is traded in USD that won't happen.
- perl4ever 7y agoThat makes as much sense as thinking it matters whether the volume of a barrel of oil is measured in US or metric measurements. You can, like, exchange one currency for another. How do you think people buy oil with every currency other than the dollar?