It's not "so-called" it is real, and it depends on petrostates pricing oil exports in dollars. To achieve this, the US has had for decades held an alliance with the dictators of Saudi Arabia and other Gulf tyrants.
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It is about the PETRO making the DOLLARS important, not vice versa The part where you say "And because of this, the US has a vested interest in making sure electric cars and nuclear power don't get off the ground" has some validity but it's a third-order effect
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It's like saying "The corrupt cops in this neighborhood don't do jack shit about the crack dealers because they're on the take, they profit from it" -- true enough -- and turning that into "The cops are the reason people are addicted to crack, if not for them it would not exist"
End of conversation
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Completely agree here. It's a situation with many negative externalities and it's important to consider the future of other global reserve currencies given that the U.S.'s hyperpower moment is eroding and more countries are finally doing more trade in different currencies.
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