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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Replying to @gladstein @FranckLeroy_ and
And it is caused by the global market for fossil fuels, it does not cause the global market for fossil fuels
1 reply 1 retweet 45 likes -
Replying to @arthur_affect @FranckLeroy_ and
Actually, the beneficiaries of this relationship have stymied progress of nuclear power and renewables all over the world. Now we have a chance to shift to a world reserve currency that can run entirely on renewables instead of being linked to the oil industry.
4 replies 0 retweets 0 likes -
Replying to @gladstein @arthur_affect and
Yeah, huge oil barons with tons of money in oil baroning have probably done some work to forestall renewable energy. And, to whatever extent they've been successful, it's because they're incredibly rich and powerful. Y'know, huge oil barons with tons of money in oil baroning.
2 replies 0 retweets 12 likes -
Replying to @eggynack @gladstein and
Bitcoin bullshit is fundamentally based on conspiracy-minded thinking endemic to the libertarian side of the Internet Like there's no actual *reasons* gasoline cars displaced electric cars, it's all a trick and a psyop the Saudis manipulated us into
3 replies 4 retweets 35 likes -
Replying to @arthur_affect @eggynack and
I think you're going a little far in suggesting entrenched interests aren't a thing at all and the suggestion that they are is a conspiracy theory
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Replying to @Random832 @eggynack and
The fact that they are a thing is not dependent on the way the money supply works
1 reply 1 retweet 13 likes -
Replying to @arthur_affect @Random832 and
The idea that "Bitcoinization" would mean the House of Saud would suddenly become powerless and so would Exxon-Mobil is fucking off the chain nonsense
3 replies 5 retweets 44 likes -
Replying to @arthur_affect @Random832 and
It would DEFINITELY mean that the US would have much less reason to support the House of Saud.
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Replying to @gladstein @arthur_affect and
The Sauds have wealth because oil is valuable, it doesn't matter what you denominate it in.
1 reply 0 retweets 6 likes
Oil prices would almost certainly spike in the imaginary fantasy world where Bitcoin becomes the dominant global currency Because the price of every single energy source would spike, because of the Bitcoin miners burning it all
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Replying to @arthur_affect @LizardOrman and
Resource wars would go up, not down, every single scrap of spare kWhs you could scrape out of any part of the Earth would become precious Coal mines in the Appalachians would come roaring back to life
1 reply 1 retweet 16 likes -
Replying to @arthur_affect @LizardOrman and
it'll be like the Easter Islanders cutting down their last trees.
1 reply 0 retweets 4 likes - Show replies
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