Backlash Against Weaponized Dollar Is Growing Across the World
Backlash Against Weaponized Dollar Is Growing Across the World
(Bloomberg) -- All around the world, a backlash is brewing against the hegemony of the US dollar.Most Read from BloombergAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthRich Latin Americans Transform Laid-Back Madrid Into a ...
(Bloomberg) -- All around the world, a backlash is brewing against the hegemony of the US dollar.
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Nobody is forcing people to use the US dollar. I mean, I know we Americans can be pretty brash and aggressive sometimes, but we won't invade you just for not using our currency.
Probably.
Saddam wanting to trade oil in other currencies was at least a part in the build up to the invasion of Iraq. The Petrodollar is still a large part of the US's financial strategy.
Not sure if you are sarcastic, but that is exactly what most wars US created were about.
Patriot moment
Global trade is conducted in US dollars, so they kind of are forced to use the dollar if they want to trade.
Petrodollar is a big incentive