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They rely on other countries using the Petrodollar, not buying oil. Once other countries move to another currency America will go bankrupt, and that isn’t speculation, it’s very much reality. America is doing everything to stop this.

It won’t work though, the talk have already started happening. Americans better get used to the a lower standard is living because it’s going to be impossible to increase moving standards under the current debt.

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MousePotatoDoesStuff@lemmy.world ⁨8⁩ ⁨hours⁩ ago
And moving away from oil is a good way to move away from the petrodollar, too. (Not to mention better for our future.)

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- krisevol@lemmus.org ⁨7⁩ ⁨hours⁩ ago
  I agree.
  
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fluffykittycat@slrpnk.net ⁨1⁩ ⁨day⁩ ago
The petrodollar was slowly dying already and the iran war is the final nail in the coffin

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- krisevol@lemmus.org ⁨1⁩ ⁨day⁩ ago
  I agree.
  
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  - fluffykittycat@slrpnk.net ⁨1⁩ ⁨day⁩ ago
    Oil’s being openly sold in yuan now and america can’t do anything about it
    
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    umbrella@lemmy.ml ⁨1⁩ ⁨day⁩ ago
    Image
    
    where???
    
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applebusch@lemmy.blahaj.zone ⁨1⁩ ⁨day⁩ ago
Lower? Bitch if we stop being a world power our standard of living will probably get higher. We can stop wasting all our resources on the military and propping up stupid shit and actually get some fucking healthcare.

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- krisevol@lemmus.org ⁨1⁩ ⁨day⁩ ago
  I disagree with this, our standard is living is only possible because we “tax” the world though money printing. When other countries stop using the dollar we will no long be able to run on debt. A lot of things we pay for will shutdown.
  
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  - jondale@feddit.uk ⁨1⁩ ⁨day⁩ ago
    Like the government? And the airports? And the parks?
    
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    krisevol@lemmus.org ⁨1⁩ ⁨day⁩ ago
    And medical, and social security ect.
    
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