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Somewhere in my comment history I made the prediction "It will be possible to buy large amounts of oil without USD by 2024" - so I think I've got a decent track
by SuoDuanDao 4y ago
Somewhere in my comment history I made the prediction "It will be possible to buy large amounts of oil without USD by 2024" - so I think I've got a decent track record on this subject.
I'm much less confident in these predictions than that one, but I'll predict Saudi Arabia won't go off the USD because they depend on US military support in a pretty warlike part of the world and the CFA will be replaced by 2027 as currently planned without any major interference from the European powers.
As for a case for maintaining the status quo - The example made of Ghaddafi comes to mind.
- snovv_crash 4y agoCFA? What are you referring to here, not the financial certification institution I'm guessing?
- SuoDuanDao 4y agohad to google it too: https://en.wikipedia.org/wiki/West_African_CFA_franc https://en.wikipedia.org/wiki/West_African_CFA_franc
- nivenkos 4y agoThe US is exploiting it to the maximum with the Inflation Reduction Act, etc. The rest of the world will react eventually, the Zelenksy-Putin puppet show will only distract them for so long.