Y
YabbaDabbaDoo
Banned
Well-known member
As per PLX's request
Last edited:
BesaMoogie
Well-known member
It`s not only Iran and Russia, it`s the whole BRICS nations doing this if this is the same currency we are talking about. I think Saudi Arabia and Egypt are in talk to join them as well.
You have to understand, the Dollar is stabilized heavily by oil as all the oil trades are done in Dollar (Petro-Dollar). And usually countries that refused this terms were bombed. It happened to Gaddafi and I think to Hussein as at some point, they refused to sell their oil in Dollar. At least in the case of Gaddafi it was the last straw that led to the "military intervention".
Russia stopped accepting Dollar for their oil when the US intervention in the Ukraine started and the Rubel skyrocketed. Of course, Russia is too big to get bombed away.
The Biden administration was told by the Saudis and China to not intervene in the Ukraine and they are not very happy about the outcome as the Biden administration did not care. So the BRICS are abandoning slowly the Petro-Dollar. First step is to build up their own currencies backed up by real equivalents (Gold).
Needless to say, when the Dollar crashes as it is not any longer backed up by anything, the whole west is fucked.
You have to understand, the Dollar is stabilized heavily by oil as all the oil trades are done in Dollar (Petro-Dollar). And usually countries that refused this terms were bombed. It happened to Gaddafi and I think to Hussein as at some point, they refused to sell their oil in Dollar. At least in the case of Gaddafi it was the last straw that led to the "military intervention".
Russia stopped accepting Dollar for their oil when the US intervention in the Ukraine started and the Rubel skyrocketed. Of course, Russia is too big to get bombed away.
The Biden administration was told by the Saudis and China to not intervene in the Ukraine and they are not very happy about the outcome as the Biden administration did not care. So the BRICS are abandoning slowly the Petro-Dollar. First step is to build up their own currencies backed up by real equivalents (Gold).
Needless to say, when the Dollar crashes as it is not any longer backed up by anything, the whole west is fucked.
