Is it really any different for the petrodollar? You can't sell Treasuries anymore and you can't win a war beyond enabling genocide and multiple breaches of the international legal framework that USA was central to building over the last 80 years. China won the trade war and the USA and all other industrialised western military powers are going broke. You think your US exceptionalist petrodollar based exceptional privilege gives you absolute immunity from the fundamental principles of fiscal discipline and solvency?
Is it really any different for the petrodollar?
You can't sell Treasuries anymore and you can't win a war beyond enabling genocide and multiple breaches of the international legal framework that USA was central to building over the last 80 years.
China won the trade war and the USA and all other industrialised western military powers are going broke.
You think your US exceptionalist petrodollar based exceptional privilege gives you absolute immunity from the fundamental principles of fiscal discipline and solvency?