The petro-dollar as its described is dying anyways. Given the lack of action to save it from compeditors I dont think it factors much

@McFansy its important since america is the source of dollar
petrodallar ensures there will be ademand for the dollar and the inflation will be low

what developed economy has high inflation?

That just comes from being the world reserve currency though

Any nation today could do it if their currency became dominent.

let me keep it this way
if there si no petrodollar
there would either be petroruble or petroyuan
it would be invaluable asset for states

US T-bills (treasury debt bonds) are still used heavily around the world as a safeguard

Petro doesnt run the world the way it used to

Crude is to easy to get nowadays and alternatives are becoming commonplace

it does
otherwise america wouldnt give a shit about straight of hormuz

They dont

@vexmasina44 it still cares about the overall price of oil

Its a geopolitical tool

Geopolitical tools are always important

Global Empires need to keep themselves alive you know

America doesnt rely upon the strait to get its oil

Idk about you but control over trade routes will always be useful

not just cause of oil

@Despot Romanicus the Enslaver don't disagree but the petrodollar argument was always a bit off to me.

The strait only matters for oil not for trade

General trade bypasses it

China controlling the south china sea is an infinately more important problem for the US

why would america bomb libya just after they pushed for the gold dinar
why would america invade iraq just after they announced that they would trade oil in euros

@vexmasina44 a little country in the middle east with no friends?

Geopolitical adventurism

More Power is always a good reason

Libya wasnt going to upend the economic model of the world

Saddam launched SCUDs at it

cause they hate brown people?

If you can take it with minimal adverse consequences for you, why not

You wouldnt cause the biggest humanitarian crisis over some adventurism

The elites benifitted from that crisis

@vexmasina44 neocons, am I right?

>Elites care about the mob

why wouldnt they

Also Gaddafi threatened Europe about somethign economcially if I recall

Hence why EU wanted to flatten them

The immigration crysis of 2015 was the biggest success for the right wing parties in entire western europe

And it still did fuck all for them outside of the eastern bloc

do you feel like your winning>?

The corporates are still sitting on their gilded office chairs