Re:Why America's economy is soaring ahead of its rivals
by jumping_frog on Thursday December 05, 2024 @08:56AM
(#42328245)
The other important stuff is due to petrodollars and US controlled swift system, there is no real price discovery in the world economic system.
Re:Why America's economy is soaring ahead of its rivals
by lotsofpulp on Thursday December 05, 2024 @09:00AM
(#42328292)
I’m sure China/Russia/Israel/India/Saudi Arabia/Iran/North Korea/Pakistan/etc are all doing exactly what the US wants.
The US is so effective that it can force a country that it embargoes (Iran) to sell oil in USD to a country with its own currency (India).
https://www.economist.com/finance-and-economics/2024/10/17/i...
And the US allows articles to be written about China and Saudi Arabia considering buying and selling oil in Yuan, ostensibly to provide cover for the fact that the US is actually forcing both China to buy in USD and Saudi Arabia to sell in USD.
https://www.wsj.com/articles/saudi-arabia-considers-acceptin...
It couldn’t possibly be that Iran trusts USD to have a more reliable purchasing power than an Indian Rupee, or that Saudi Arabia would rather bet on stability from USD rather than the Yuan.
The narrative that we all have peace because of the US is well and truly broken, the propoganda can't cover the smell, it stinks to bad.