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originally posted by: nickyw
the multi polar world is here, its what china has been doing while the west locked itself up and shut down itas society..
its been unpicking western relations for a while now and been doing well as go between power.
china is also on a charm offensive in europe..
where this leaves the usa should be of interest but ,any just bury their heads in the sand lapping up whatever the msm tell them.. its why chinas is making inroads in the me, africa and south America..
originally posted by: kwakakev
I am sure the Saudis will still accept USD if you want to buy some oil. With the way this CBDC is going, being restricted to just buying one resource with just one currency ain't going to work too well.
Each country is going to have to work through their own trade restrictions, I don't see Biden and his masters too upset over this one.
This has been/was the only thing holding up the USD
originally posted by: kwakakev
a reply to: Violater1
This has been/was the only thing holding up the USD
It is not the only thing holding up the USD, it helps pay for some of the protection racket. At the time it also helped spread some kind of global standard to facilitate international trade. The Petro policy has helped the money printing machines go nuts as it forced a global demand for USD.
People generally stick with what works, a lot of people around the world will continue to accept USD while its functional. The advantages this policy had for America are closing up, have been for few years, will continue to shrink for many more. All this electric car push and attack on CO2 is another angle that the Petro policy is in its decline.
There is going to be a demand for oil for a long time to come. Batteries might help in some spots, but it ain't ready to take over. As for some other kind of energy device sitting on the shelf, waiting to get dusted off that could realistically contend with oil?