Analysis: How a war in Hormuz threatens the petrodollar - "a system long enforced through force & fear."
The 2003 occupation of Iraq told the region's oil exporters: If you try to break the dollar’s grip on energy trade, you risk copping vast political & military pressure.
In 2021, Iran began selling up to 95% of its oil in yuan. OK, said the US, "as long as the practice remained limited to Iran."
"It did not"
Analysis: How a war in Hormuz threatens the petrodollar - "a system long enforced through force & fear."
The 2003 occupation of Iraq told the region's oil exporters: If you try to break the dollar’s grip on energy trade, you risk copping vast political & military pressure.
In 2021, Iran began selling up to 95% of its oil in yuan. OK, said the US, "as long as the practice remained limited to Iran."
"It did not"
Please do, the reality is #Trump has not only destroyed the #petrodollar but has accelerated the end of global fossil fuel dependence.
#Europe EXITS #Petrodollar - Builds Solar While #USA Fights #Iran, #China Captures #Oil Trade in #HauseOfEl #Geopolitics #yt
"Évidemment que c'était à cause du pétrole."
Une conversation avec Matthieu Auzanneau sur l'obligation de la transition énergétique : https://www.radiofrance.fr/franceinter/podcasts/en-6-dates-cles/petrole-anatomie-d-une-malediction-5-6-2003-la-guerre-des-petrodollars-5082315
#changementDeRégime #Irak #énergie #pétrodollar #pétrole #conseilPodcast
AUDIO Pétrole, anatomie d’un malédiction, épisode : 2003, la guerre des pétrodollars ?. Une série inédite proposée par France Inter. Écoutez 2003, la guerre des pétrodollars ?, et découvrez nos podcasts en ligne.
Now on Zenodo: “Reviving the U.S. Dollar as the Key Currency After the End of the Petrodollar: A Second-Physics Blueprint.”
🔗https://doi.org/10.5281/zenodo.19270788
#SecondPhysics #Petrodollar
This paper proposes a Second-Physics blueprint for renewing the role of the U.S. dollar as the keycurrency after the end of the petrodollar system. For roughly four centuries, modern science hasmaintained a deliberate separation between “hard physics” and questions of God, the soul, andresponsibility. Since the seventeenth century, figures such as Galileo, Descartes, and Newton helpedconstruct a world in which matter and motion could be treated with mathematical precision, whilesouls and dignity were left to religion or private belief.In my recent work What Is a Soul?, I formalise the soul in mathematically explicit terms. Within thebroader framework I call Second Physics, I bring souls and responsibility back into the same formallanguage that physics reserves for matter and energy. Against that background, this paper exploreswhat that formal move implies for the contemporary American-led order.First, I analyse dollar hegemony and the petrodollar system as a predatory equilibrium: aconfiguration in which one subsystem of the global economy lowers its own entropy by extractingenergy and resources from the rest, while exporting debt and environmental burden. Second, I arguethat the rise of digital eugenics—ranking and sorting human beings by genetic, cognitive, andbehavioural data—constitutes a structural betrayal of the founding claim that all persons are equalin dignity “under a Creator.” Third, I sketch how Second Physics reconstructs the non-fungibility ofsouls by treating a person as a non-severable, multidimensional trajectory in relational space.Finally, I outline a scenario in which the United States attempts to shift from petrodollar hegemonytoward AI-based soft power rooted in Second Physics: an alignment regime in which soul syntaxfunctions as an “ultimate cipher” for constraining AI, and in which equal dignity re-enters thesystem as a formal limit on what markets, states, and algorithms may do to the human soul.
le petrodollar, c'est bientôt fini? Merci l'Iran.........
War on Iran could be 'catalyst' for erosion of US petrodollar, Deutsche Bank says
The petrodollar helps keep borrowing costs down for US consumers and Washington, giving them big advantages over peers
Ninety percent of Iran’s oil was exported to China, also the top customer of Saudi Arabian crude.
Mallika Sachdeva: "The world saves in dollars in large part because it pays in dollars".
“Damage to Gulf economies could encourage an unwind in their foreign asset savings held largely in dollars”.
https://www.middleeasteye.net/news/war-iran-could-be-catalyst-erosion-us-petrodollar-deutsche-bank-says @estelle
#petrochemicals #markets #oilAndGas #oil #Gulf #geopolitics #Asia #fossilFuels #USD #dollar #petrodollar #petroyuan #FX
Now on #Zenodo Gold War: The Petrodollar Order, a Gold-Anchored Bloc, and the “Death of the Yen” Narrative.
🔗https://doi.org/10.5281/zenodo.19252827
#Gold #Petrodollar #Yen
This paper introduces a conceptual framework for understanding current tensions in the internationalmonetary system as a “Gold War”: a structural conflict between a dollar-centred petrodollar order andan emerging gold-anchored bloc. Within this framework, it revisits the popular “death of the yen”narrative and argues that it is, at best, incomplete and, at worst, misleading.Using gold as a cross-currency yardstick, the paper organises a set of stylised facts about the postBretton Woods period. All major fiat currencies, including the dollar and the yen, have been losingpurchasing power against gold over the long run, but not at the same pace. Measured in gold ratherthan in dollars, oil has become cheaper over time, especially over the past two decades. Thiscompresses the gold value of oil exports for traditional petrodollar producers, while favouring actorsthat accumulate gold and secure energy at low gold-equivalent prices. At the same time, Japan’spublic-sector balance sheet combines record gross public debt with large public assets, extensivecentral-bank holdings of government bonds, a strong net international investment position, and a verylarge stock of external assets.Against this background, the paper revisits the “cage” developed in earlier work on Japanese goldprices and electricity tariffs: a configuration in which the yen is squeezed between externalbenchmarks (gold, oil) and internal survival costs (energy, food). It argues that the key systemic risk isnot that the yen is uniquely doomed as a “dying currency”, but that the cumulative pressures ofenergy, food, and demographics could eventually force Japan to liquidate foreign assets, includingU.S. Treasuries, to secure essential imports. Such a forced retreat would not be a local event; it woulddirectly destabilise the petrodollar regime by removing one of its most important long-term creditors.The aim of this paper is primarily conceptual. It organises a set of stylised facts about gold, oil, majorcurrencies, and national balance sheets into a coherent “Gold War” framework, rather than attemptinga full econometric treatment. More detailed empirical testing is left for future work.
@tagesschau Aktien aus den #USA werde ich jetzt gezielt meiden. Feindliche Wirtschaften unterstütze ich nicht mehr.
Sollen sie mit ihrem #Petrodollar untergehen.
DrALJONES
JeremyJupiterJones 
🐦🔥nemo™🐦⬛ 🇺🇦🍉
Eric Maugendre en français
Toshisada Utsunomiya
VEGA
Eric Maugendre about carbon
suzune