The demise of the US Petrodollar has been inevitable, but a slow progression, that is, until today, March 14, 2026, when Iran delivered the Coup de grâce to the US dollar by stating that they may allow oil tankers to pass through the Strait of Hormuz if oil is paid for by the Chinese yuan. [1] [2] [3] [4]
Diversification from the US dollar has come from multiple directions over the years, and US reaction to any challenges to its dollar reserve currency status has been violent:
- Iraq did it in 2000, Iraq invasion occurred in 2003.
- Gaddafi proposed a "gold-backed African currency called the gold dinar for oil trade" in 2009, and NATO razed Libya in 2011.
- Venezuela announce diversification from the US dollar in 2017, and the Trump administrations assault and kidnapping of its leader, Maduro, occurred in 2026.
- Other countries have also been targeted by the United States for the same reason: Somalia, Sudan, Mali, Syria, Lebanon as well as Iran.
- There was even an own goal when the United States removed Russia from SWIFT in 2022.
- Even Saudi Arabia in 2024 ended its 50-year petrodollar deal with the US to be able to sell oil and other goods using other currencies. [5]
This announcement by Iran expedites the demise of the US petrodollar, something that is inevitable, which is why China has been dumping US treasuries while at the same time increasing its gold reserves as well as setting up a global gold-vault network so that they can settle trade in gold.
Aside from the Epstein Files, the Zionist agenda to create Greater Israel, the Zionist Christian holy war to trigger Armageddon, US agenda to control all major sea lanes and chokepoints, dedollarisation is one of the primary factors in play for this US-Israeli war on Iran.
No comments:
Post a Comment