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As the U.S. starves it of oil, Cuba is pulling off one of the fastest solar revolutions on the planet — with China’s help (www.ctvnews.ca)
submitted 4 months ago by to c/technology@lemmy.world
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[–] 5 points 4 months ago (1 child)

The US govt has a responsibility to keep the PetroDollar in tact since Nixon killed the gold standard, otherwise the global dependency on USD is no longer maintained and other currencies have a chance to replace it.

This 100%.

US Govt is propped up on debt. We have no financial discipline today and none is anywhere in sight. If our currency loses value we're mega-fucked.

If petrodollar goes away, our currency loses a lot of credibility. And we are doing everything possible to ensure that everyone involved wants nothing to do with us.

Great strategy :)

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