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Interesting development, any currency just not the US dollar

๐Ÿšจ๐Ÿšจ๐Ÿšจ IRAN JUST OFFERED EUROPE A HORMUZ DEAL. YOU HAVE NO IDEA WHAT THEY JUST TRIGGERED. ๐Ÿšจ๐Ÿšจ๐Ÿšจ
On the surface: Iran offered the EU transit access through the Strait of Hormuz. Sounds like a small diplomatic move. It is not.
This is a goddamn financial nuclear bomb.
๐Ÿ’€ The Hormuz Strait carries 20% of ALL the world's oil
๐Ÿ’€ Europe's energy bill jumped $16.2 BILLION in just 30 days
๐Ÿ’€ Natural gas in Europe is up 100%. Oil up 60%. Diesel at $200/barrel
๐Ÿ’€ Dollar reserves have already fallen from 70% to 56.9% in 25 years
โš  If Europe takes this deal, they pay in euros โ€” not dollars
โš  One major non-dollar oil deal is all it takes to show the world it CAN be done
The petrodollar is the most powerful financial system ever created. Born in 1974. It forced every nation on Earth to hold dollars just to buy oil. That's the entire basis of US financial dominance.
If that system cracks โ€” BRICS accelerates, Gulf states reconsider, dollar demand collapses, and America can no longer fund its $34 trillion debt on easy terms.
ECB board member Panetta said it on April 2: "Even if the Iran war ends, the damage has been done."
They're showing you a war about nuclear weapons and regional security.
They're NOT showing you that the REAL war is over who gets to print the world's reserve currency.
โ†’ Iran blocks Hormuz for the US. Opens it for EU with a deal.
โ†’ EU, desperate and bleeding, seriously considers taking the deal.
โ†’ Deal gets done in euros or yuan. Not dollars.
โ†’ Every country watching โ€” BRICS, Global South, Gulf states โ€” sees it happen.
โ†’ "If the EU can bypass the dollar, so can we."
โ†’ Dollar demand falls. Reserve share collapses. US inflation rises.
If America is so powerful, why is the EU considering a deal with the country America is bombing?
Complete silence.
This is no longer just a Middle East war.
This is a direct attack on the petrodollar.
Prepare accordingly. ๐Ÿšจ๐Ÿšจ๐Ÿšจ
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dancingtongue ยท 80-89, M
My son just returned from Tahiti. He said that for the first time in their foreign travels US dollars were not preferred; local currency encouraged.
Khenpal1 ยท M
@dancingtongue Well, its French territory .
dancingtongue ยท 80-89, M
@Khenpal1 But if you have travelled much, in most foreign countries -- particularly in tourist areas catering to Yanks -- they have preferred US currency for decades due to its stability and universal use compared to local currency. Until now.