https://x.com/scientificecon/status/2029735756999315658
The petrodollar deal is US military protection in exchange for selling oil against the US dollar and investing in the US.
The military protection turned out to be an empty promise.
The petrodollar is dying.
Quote
BREAKING:
Saudi Arabia, the United Arab Emirates, Kuwait, and Qatar are discussing withdrawing from contracts with the U.S. - Financial Times
They want to cancel future investment commitments in the U.S. to alleviate some of the economic strain imposed upon them by the Iran
https://x.com/scientificecon/status/2029735756999315658
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