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> The US, additionally, forces the world to use it for oil trades. That is not true. The US isn't forcing anyone to use the dollar, e.g.: https://www.wsj.com/
by tablespoon 4y ago
> The US, additionally, forces the world to use it for oil trades.
That is not true. The US isn't forcing anyone to use the dollar, e.g.:
https://www.wsj.com/articles/saudi-arabia-considers-accepting-yuan-instead-of-dollars-for-chinese-oil-sales-11647351541 https://www.wsj.com/articles/saudi-arabia-considers-acceptin...
- LtWorf 4y agoThe last countries that considered it seriously were bombed and invaded…
- aaaaaaaaata 4y ago"We came, we saw, he died."
- once_inc 4y agoThey have strong-armed their petrodollar system since 1971, and have invaded a number of oil-producing countries that toyed with the idea to price oil in value other currencies. Saudi Arabia only get to price in Yuan, because the US can't afford to invade China. The unipolar world is fraying at the seams, and one wonders what will happen to the dollar when the US government can no longer lean on the petrodollar to enforce it's world reserve status. Check Lyn Alden's piece on the history of the US Dollar as world reserve asset [0] for a vastly superior exposition of facts regarding this matter. [0]: https://www.lynalden.com/fraying-petrodollar-system/ https://www.lynalden.com/fraying-petrodollar-system/
- bioemerl 4y agoWith sanctions against Russia the US is actually doing the opposite. Forcing them not to use the USD.
- mattwilsonn888 4y ago"Force." The real question is, why do they want to use the Dollar so bad?
- iszomer 4y agoTechnology exports and the buying or licensing of American IP I guess?
- uoaei 4y agoTrusting the WSJ on this is like trusting Fox News to say that angry people on primetime TV with reactionary rhetoric doesn't have any effect on political discourse.