"But what is the petrodollar system?" you ask? youtube.com/watch?v=3BsEffT...
The 1999 BoE gold sale makes no sense under any other framework, and when you make this realization, much more of our world problems we see all of the sudden start to become connected. Let me ask you something. You think oil going - (SA effectively saying "We want max BPD, not max $ (prices)) and China pricing oil in its own currency are not related in any way? Russia and Chinas trade deal a few yrs ago priced in CNY w/ credible physical settlement, its all playing out to the T, although it took 20yrs to get there. Not long after this deal was signed a border war in A Russian proxy state? (Syria) and increased tensions w/ China? See a theme here? (Oil market is being fit inside the gold market by Russia and China as a mean of settlements.) The world worked for a time w/ the $ system but creditor nations know they will never get real dollars back in oil terms. When you realize this everything makes much more sense.
View original message
Much of the States Power was in its ability to force EM nations to sterilize deficits and this is inadvertently how the dollar became a weapon for US policy makers over the yrs.
You know what they say, necessity is the mother of all invention! So the US puts a lid on dollars in parts of the world, those parts of the world figure a way to subvert the regs. Now the US is becoming a prisoner of its own weapons, so to speak.
1 Like