| ▲ | pocksuppet 2 hours ago | |||||||
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. | ||||||||
| ▲ | JumpCrisscross an hour 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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