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| ▲ | temp8830 36 minutes ago | parent | next [-] |
| However, there does seem to be an outsized effort applied to defending this not-real thing. A leader who defies the petrodollar has a good chance of getting killed or kidnapped. In a way, the same principle makes any god real: he doesn't have to exist, as long as people who will beat up non-believers do. |
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| ▲ | pocksuppet 14 minutes ago | parent | prev [-] |
| Total USD reserve involved in that transaction is not zero. They have to already hold dollars to do the transaction at all, which means a benefit has already been provided to the US. The transaction doesn't change the US's position, but enabling the transaction to occur does. |
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| ▲ | JumpCrisscross 3 minutes ago | parent [-] | | Petrodollar hypothesis is debunked. The total volume of petrodollar trade approximates minutes in stock markets. This simply isn’t a real factor anymore; a lot of people think it is because there are writings from the 70s that are compelling. | | |
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