I'm not saying the US doesn't usually have a lot to do with their demise, but simply that their fall isn't caused by moving from the petrodollars. Because it literally does not make any economic difference for the US , at all.
Currencies trade confidence, not fundamentals, and if confidence in a currency disappears to the point where it stops being the default choice for transactions, the effects are almost literally incalculable.
Aka, when people change their vacation plans etc based on currency fluctuations that’s a massive effect in aggregate.
https://www.cfr.org/localjournalists
And no, I was referring to the spies posing as journalists in Venezuela, Libya, Syria, Afghanistan, and so on. This is most definitely a rabbit hole any enlightened western observer of world affairs should go down.
A lot of "states" murder "spies". [ * ]
The proposition was that only a select few states murder journalists for such crimes. Journalism is the opposite of spy craft, so combining them for political purposes is deadly, indeed.
It should be stated up front that I, personally, don't think the state should have the right to murder anyone, and I also mean by means of war, asymmetric or otherwise.
( * -The moment someone murders in the name of the state, the state is over and its time for a new one.)
https://millenium-state.com/blog/2019/05/03/the-dinar-gold-t...
Are there any countries in the Middle East where there isn't a good justified reason to invade them? I can think of reasonable reasons to invade Israel, Iraq, Iran, Afghanistan, Syria, Saudi Arabia, Yemen and Pakistan. Some of those reasons have actually been used.
Similarly I can think of great justifications for an invasion of China, North Korea, Russia, pretty much all of Africa, the United States (they have a substantial amount of blood on their hands!).
Europe I personally struggle to think of dirt on in the last 50 years, South America I don't know much about. Most of South East Asian nations seem pretty well behaved to me which makes them a global rarity.
The fact that the US invaded somewhere where there were real reasons for concern is nice, but as far as I can tell that would be true of any invasion of any country short of sending the troops into Canada or re-invading Germany. In the Middle East it doesn't really mean much.
That could change, sure, but that’s not the situation as it stands, and if you can’t see how that works, I’m not sure how I can help you get there.
https://www.telegraph.co.uk/business/2019/09/20/chinas-400bn...
Indeed, I’ve anecdotally noticed that whenever a dictator trading oil threatens to switch to another currency he ends up dead in a ditch.
On the contrary, dictators that do insist on $$$ and use them to enthusiastically buy US weapons are celebrated and given honor seats.