Hamartia Antidote
ELITE MEMBER
times have changed true but usa doesnt like it and after all isreal is stronger now doesnt need usa and will soon dump when dollar loses its value totally. trump wants to move the ruling capital to jerusalem.
China russia are trading in thier own currency, iran sometimes does barter oil trade with these countries.
However usa dollar is printed out of thin air, free oil everybody, the rest had to buy dollars and trade for oil.
usa was born to serve isreal, just like britain before it.
The fact is this whole baloney about the PetroDollar has to do with the majority of the countries on this planet not having hard currencies. Most countries use money "printed out of thin air". That's just a fact. Plain and simple. So much so that they are WORTHLESS in the volumes needed to purchase oil.
There are only a few hard currencies on this planet..US/Canadian/New Zealand/Australian dollar, Euro, Yen, British Pound, Swiss Franc, and South African Rand. The rest of the currencies on this planet are unfortunately "printed out of thin air". Nobody wants it in volume because of that.
If you want to buy something that costs billions you will need to use a hard currency. Not a stack of colored paper freshly printed up.
The oil producing countries aren't dummies. They won't take a truckload of colored paper for their oil that they have no way of using. They will happily take other hard currencies other than the dollar.
If they want a truckload of Pakistani Rupee they can do that too. It's up to them. If you think the US is going to take over a country for that because we think it is some kind of threat you are just being ridiculous to reality.
Try and convert a million Chinese Yuan into US dollars or Euros in China. Even Chinese banks refuse to take their own currency. Why should a country like Saudi Arabia act differently when it comes to billions of Yuan???
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