It would be spectacular if Iran destroys the petrodollar.
The US economy has been essentially immune to such crashes because they can just print more money since everyone trades in USD. 2008 was financially devastating for the average person, but banks maked a metric ton of money and the government bailed them out of any losses.
But one of the big reasons everyone trades in USD is because all of the oil shill states only sell for USD, and they only sell for USD so they can invest it directly into the US economy.
If buying oil from said shill states is no longer an option, there’s no reason to keep using USD since the alternatives are Russia, Iran, and formerly Venezuela.
I think the correct term is not “insisted on provoking” but “started”. Dropping bombs on primary schools and city centers is not a provocation, it is an act of aggressive criminal war
the us economy crashing because of a war the us insisted on provoking would be 🤌
It would be spectacular if Iran destroys the petrodollar.
The US economy has been essentially immune to such crashes because they can just print more money since everyone trades in USD. 2008 was financially devastating for the average person, but banks maked a metric ton of money and the government bailed them out of any losses.
But one of the big reasons everyone trades in USD is because all of the oil shill states only sell for USD, and they only sell for USD so they can invest it directly into the US economy.
If buying oil from said shill states is no longer an option, there’s no reason to keep using USD since the alternatives are Russia, Iran, and formerly Venezuela.
I think the correct term is not “insisted on provoking” but “started”. Dropping bombs on primary schools and city centers is not a provocation, it is an act of aggressive criminal war