People actually believe in something called the petrodollar. They really think the US forces trade in the dollar by le imperialism.They think otherwise people would take the euro, ruble and yen/yuan.Crypto is a decentralized market and there is literally 0 demand for stablecoins outside of the dollar, do they think that is also forced by hecking imperialism?it's also a ton of chuds that believe thisyes ill take your euro and go buy uhh... porsche stock? europoor land?ill take your chinese yuan and go buy... oh wait i cant access your country.
>>540423140moron, open a history book
>>540423428>Oil was already priced in dollars well before 1974, for the boring reason that the dollar was already the dominant trade and reserve currency.Damn so even history agrees with me.
>>540423687again,read
Even if the entire oil trade switched to yuan tomorrow, the effect on dollar demand would be a rounding error next to the ~$28 trillion Treasury market, which is what actually anchors reserve status depth, liquidity, legal predictability, open capital account, network effects.so many chuds and libertarians believe that cause oil sellers would rather take dollars, that thats why the USA is a superpower or something.
