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.
Report: Iran war could be a catalyst for the erosion of the US petrodollar
In 1974, Saudi Arabia agreed to price its oil in dollars & reinvest those funds in US bonds in exchange for American security guarantees."
"Saudi Arabia, UAE, Kuwait, Qatar, & Bahrain all peg their currency to the US dollar, requiring them to keep vast amounts of USD."
"The world saves in dollars in large part because it pays in dollars."
Je vous conseille d'écouter cette interview assez géniale, qui explique bien l'immense changement auquel le monde fait face avec l'attaque des USionistes sur l'Iran.
This interview is absolutely fantastic. Listen to it....
Andrei Martyanov: Iran Just SHOT DOWN a New Jet and Drops Hammer After Israel’s Nuclear Attack
https://www.youtube.com/watch?v=wAQcWnoQxIs
#Iran
#warOnIran
#China
#russia
#BRICS
#petroDollar
#USdecline
#multipolarWorld
@Rastal @hszakher @killbait
A toll is paid for something that has been built. Strait of #Hormuz was not built by any human. No one, including #Iran, can lay a claim. In times of war yes it can be closed.
It is rumoured that #Japan recently bought oil from Russia by paying in #Yuan. If there is a #PetroDollar it is because others have not found an alternative. #EU can say that they will pay only in #Euros only for oil & gas but they dont.
VEGA
Eric Maugendre about carbon
Toshisada Utsunomiya
suzune
DrALJONES
Hänzi Pōtter
Welkin
Alexander Gerber