MTZ@lemmy.world to Lemmy Shitpost@lemmy.world · 8 hours agoCheckers, not chess.lemmy.worldimagemessage-square44fedilinkarrow-up1553
arrow-up1553imageCheckers, not chess.lemmy.worldMTZ@lemmy.world to Lemmy Shitpost@lemmy.world · 8 hours agomessage-square44fedilink
minus-squareRememberTheApollo_@lemmy.worldlinkfedilinkarrow-up2·2 hours agoIf anything Trump was trying to prevent the change away from the petrodollar standard. That “currency” allows the US to run up debts because nobody wants the dollar to collapse and wreck everything traded in USD. https://www.reuters.com/markets/commodities/trumps-venezuela-oil-grab-revives-petrodollar-debate-2026-01-06/ I don’t know about the quality of this site, so be skeptical: https://factually.co/fact-checks/foreign-policy/was-iran-threatening-to-abandon-petrodollar-275c36
If anything Trump was trying to prevent the change away from the petrodollar standard. That “currency” allows the US to run up debts because nobody wants the dollar to collapse and wreck everything traded in USD.
https://www.reuters.com/markets/commodities/trumps-venezuela-oil-grab-revives-petrodollar-debate-2026-01-06/
I don’t know about the quality of this site, so be skeptical: https://factually.co/fact-checks/foreign-policy/was-iran-threatening-to-abandon-petrodollar-275c36