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Ukraine war is a challenge to the petrodollar empire post GFC when it became clear that China is now the dominant productive economy supporting the global economy.
The Biden war doesn't challenge shit, mate. It's dumbass Europoors killing each other and for nothing because their governments said so and because no one knows how to negotiate. The US isn't about to get dragged in to to Europe's bullshit this time unless it's for a crusade against the real threat to the European people which is leftist political parties and their disgusting alliance with jihadists. Otherwise they deserve the pointless war that they chose.
Would the US petrodollar be able to even launch the Iran war if it operated on the Bitcoin Standard and was already $40 T in the red?
The Bitcoin standard already exists and the US government own as much as the PRC, and a single US-based corporation owns 5 times as much as either. It's already been won. The calculations on this war were finished years ago.
but it does not and cannot enable you to debase all citizens savings in a war and that is a strategic disadvantage for any nation state
Nonsense. There's no need to debase civilian savings for a defensive war. We can easily shill the USD and US equities overseas and debase someone else's savings. Real wars are fought by nations and volunteers, not states and slaves. The latter loses every time against a nation that actually wants to survive and win.
Ukraine war is a challenge to the petrodollar empire post GFC when it became clear that China is now the dominant productive economy supporting the global economy. The IMF was forced to accept China onto the exclusive board of reserve currency issuers because the Yuan and China were the major pillar preventing collapse of the petrodollar empires institutional framework and protocols.
China is still the only member of the board that is not both a monetary and military tribute state to the USA.
Iran war is the USA pushing back against Chinas growing challenge to the petrodollar. With the development of mBridge and CIP enabling Yuan denominated oil trade and that trade expanding to more and more gulf states who joined mBridge protocol.
How much fiat debt issuance has USA expended upon the Iran war?
Would the US petrodollar be able to even launch the Iran war if it operated on the Bitcoin Standard and was already $40 T in the red? No.
Iran war is last hurrah as the petrodollar empire is flogged like a dead horse by its Zionist puppet masters as they launch their Greater Israel land grab to build a regional hegemony resistant to Chinas emerging dominance.
Bitcoin fine as a refuge - a virtual tax haven and SoV hedge against the insolvency and collapse of the petrodollar...but it does not and cannot enable you to debase all citizens savings in a war and that is a strategic disadvantage for any nation state where control of territory and trade routes is fundamental to both credibility and ultimately, survival.
Suez-Hormuz-end of empire.