this post was submitted on 02 Jul 2023
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(Bloomberg) -- All around the world, a backlash is brewing against the hegemony of the US dollar.

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[–] [email protected] 2 points 1 year ago (5 children)

Nobody is forcing people to use the US dollar. I mean, I know we Americans can be pretty brash and aggressive sometimes, but we won't invade you just for not using our currency.

Probably.

[–] [email protected] 9 points 1 year ago

Saddam wanting to trade oil in other currencies was at least a part in the build up to the invasion of Iraq. The Petrodollar is still a large part of the US's financial strategy.

[–] [email protected] 8 points 1 year ago (1 children)

Not sure if you are sarcastic, but that is exactly what most wars US created were about.

[–] [email protected] 2 points 1 year ago

Patriot moment

[–] [email protected] 4 points 1 year ago

Petrodollar is a big incentive

[–] [email protected] 4 points 1 year ago

Global trade is conducted in US dollars, so they kind of are forced to use the dollar if they want to trade.

[–] [email protected] 0 points 1 year ago (1 children)
[–] [email protected] 2 points 1 year ago

Gold backed currency?

Time for some good American freedom: Death