This is not a conspiracy theory, it's history. You basically described the whole process yourself. But it's not just oil, it's everything the empire needs. > O

This is not a conspiracy theory, it's history. You basically described the whole process yourself. But it's not just oil, it's everything the empire needs. > Outside of Oil, there's really no reason for any nation to transact in USD or to keep reserves other than for what makes sense to them. This, however, is fundamentally wrong, and smacks of naive libertarianism. In a "rational" universe, where gravity of a feather falling to earth is frictionless and I trade my two eggs for your bottle of wine, maybe, sure. In the real world, no. The reason is violence. We won the war and we got to set the rules which benefited us at the expense of others. This is undeniable. Other nations transact and hold reserves in dollars, and occasionally Euros, because of the system of force I described earlier. This why the IMF exists. Everything else is ideology. China's Belt and Road initiative is their own alternative to the IMF. They are able to do this because they have a military force which they believe is now capable of standing up to the United States, by which I mean they will be able to impose their violence rather than ours.