that's tied into it. in the 1980s when the us decided to gut its domestic industry and move the factories overseas, remove tariffs on imported goods from the countries where those factories moved to, and essentially stop taxing big businesses, all so corpos could make record profits, this destroyed the countires gdp and started the permanent inflation bubble we've been living in ever since. to keep the dollar afloat, there had to be something backing it, but they already took it off the silver & gold standard in the 70s, and now they just kneecapped us industry which was the last thing left backing it, so now it was in free-fall. so they came up with a scheme, the petrodollar. using the vast us military built up from the cold war, along with whatever nato or other us puppets that would help them, they started essentially bullying the world into only trading for oil in us dollars. didnt matter who you were actually buying the oil from, you had to keep reserves of usd in your national treasury to purchase it with. this would artificially increase us gdp by tying the value of the usd to the price of oil. why do you think we invaded iraq twice? cause saddam stopped trading his nation's oil in usd. why do you think we bombed libya and instigated a rebellion to overthrow gaddafi? cause he stopped trading his nation's oil in usd. why are we currently adversarial with russia, iran, and venezuela? because they either are threatening to stop trading oil in usd or because they already have.
United States