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I get it: US is big and bad and really mean. But no one is arguing that "good feelings" are the basis for anything. And it doesn't change the fact that the petr
by fuzzylightbulb 5y ago
I get it: US is big and bad and really mean. But no one is arguing that "good feelings" are the basis for anything. And it doesn't change the fact that the petrodollar myth completely confuses cause and effect, at such a basic level that it is laughable. This remains true even if you copy/paste a long list with zero support of your underlying claim, namely that every single one of these military actions was done primarily to prop up the USD "empire" as you call it. More USD change hands every day than the total value of oil sold in a year. Its just not a factor.
The use of USD as a reserve currency certainly is a net positive for the US, but the theory that we start major wars over that is not supported by the evidence. Hell, the price of oil and the value of the dollar more often than not have an inverse relationship traditionally based on empirical evidence, which is the opposite of the petrodollar conspiracy theory.