Toni AittoniemiAnother brilliant take on how the Donald is taking potshots at US global supremacy, while his crowd is cheering him on because they think he looks cool doing it..
The cavalcade of stupidity is staggering…
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Michael J. BurgessHormuz disruption has sent oil higher and revived the petrodollar debate. Brent has already jumped above $109, and JPMorgan says prices could go much higher if disruption persists.
The bigger point is not that the dollar collapses overnight. It is that confidence erodes when energy trade fragments, sanctions push countries toward alternative settlement, and the foreign share of U.S. debt keeps shrinking.
Bitcoin has not been a perfect crisis hedge, but the appeal of neutral, censorship-resistant money only grows as the old order strains.
Is this the beginning of a slower, messier end to dollar dominance?
The End Of The Petrodollar: Dollar Collapse Begins
einfachnurRoland@Handelsblatt @schlagzeilen-Handelsblatt
+ oder -? Wer ist denn so blöd unter #Trump sein Geld 10 Jahre an den sterbenden #Petrodollar zu binden?
🤔 🤔 🤔
Ach ja, ganz vergessen: die wetten ja nicht ihr eigenes Geld.
Dr. Michael BlumeNach der Rede von #Trump steigen die Ölpreise, verschärft sich die Knappheit an Diesel & Dünger weltweit.
Der gierige US - Präsident ließ sich vom fossilen „Erfolg“ in #Venezuela täuschen.
Stattdessen hätte er auch an #Afghanistan denken sollen: Hier folgte auf 20 Jahre verlustreichen Krieg gegen #AlQaida & #Taliban - die heutige Herrschaft der Taliban.
Leute, wir erleben das Scheitern des imperialen #Fossilismus samt #Petrodollar … 🙄🔥💸 https://mastodon.social/@tazgetroete/116334451805961484
Charlie McHenrySo let me get this straight… #WallStreet is having a ‘relief rally’ because hopeful (read ‘greedy’) investors are eager to profit from the #IranWar ending soon. They’re straining at the bit to get back to business as usual, raking in those revenues & fueling the fires of #capitalism. It is accurate to say this irrational exuberance lacks any rationality, as it will take months, perhaps years, to recover from the damage already done. And don’t forget…the status quo before the war was fragile and not sustainable by any measure. Global supply chains have been disrupted; farming cycles fractured; alliances disordered; and the entire #PetroDollar platform upended. When all is said & done, the Chinese #Yuan (RMB) may emerge as the new global currency. Then there’s #ClimateChange and the ensuing #WaterWars and mass migrations to factor in. #Trump has managed to screw up the entire world order. TBH, I’d be shorting the market because I think major shit has yet to hit the fan. #Investing #finance #economy
FunGuy2PlayWithPetrodollar DYING - Deutsche Bank Warns Iran War 'Catalyst,' Yuan Replacing Dollar in Oil
#HouseofEl
For 50 years, one rule defined global finance: oil flows, dollars follow. That rule is now being tested in real time—and even Deutsche Bank is warning the system may be starting to crack. #Geopolitics #Petrodollar #Petroyuan
Petrodollar DYING - Deutsche Bank Warns Iran War 'Catalyst,' Yuan Replacing Dollar in Oil
DrALJONESThe Iran war threatens US domination of the oil market (petrodollar).
What happens when countries try to break the dollar’s grip on energy trade? Look at what happened in 2003 to Iraq after it moved to price Iraq’s oil exports in euros instead of US dollars.
In 2021, Iran began selling up to 95% of its oil in yuan. That's ok, said the US, "as long as the practice remained limited to Iran. It did not"
Analysis: How a war at sea threatens US domination of the oil market (the petrodollar).
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 at sea threatens US domination of the oil market (the petrodollar).
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 at sea threatens US domination of the oil market (the petrodollar).
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"