When Britain lost control of the Suez canal banks ceased using the pound sterling as the preferred means of settlement for international trade. The USD took that role as USA was now the dominant global enforcer and guarantor of trade routes. Today USA has lost or is losing that dominance- Hormuz shows US hegemony under real threat. The largest buyer of middle east energy exports today is China. China dominates global trade in commodities and manufactured goods and infrastructure construction. The petrodollar is in terminal decline.
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I think you didn't do it quickly enough then...
More than once?
I was about to say "I have a life outside of SN!"
...but who are we fooling, really -.-
I guess it would in fact sound plausible to people that do have a life outside SN.
When Britain lost control of the Suez canal banks ceased using the pound sterling as the preferred means of settlement for international trade.
The USD took that role as USA was now the dominant global enforcer and guarantor of trade routes.
Today USA has lost or is losing that dominance- Hormuz shows US hegemony under real threat.
The largest buyer of middle east energy exports today is China.
China dominates global trade in commodities and manufactured goods and infrastructure construction.
The petrodollar is in terminal decline.