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[–] wt1984yb 0 points 0 points (+0|-0) ago  (edited ago)

Just one thing to add:

Petrodollar isn't solely about American demand for the dollar. It's about ever-growing global demand for the dollar (growing demand means more dollars can be printed without losing much of the value to inflation). It's irrelevant where the oil comes from, as long as oil supplies are monopolized worldwide and sold in American dollars.

Hypothetically, imagine a world where all modes of transportation run off of hyper advanced batteries. If one could theoretically monopolize all the battery production of the world, and only sell these batteries in dollars, then the petrodollar could be replaced by a "battery dollar" as long as demand for batteries is ever-growing and high.

Ultimately, the value of the dollar depends on demand for a needed commodity that is exclusively sold in dollars. It doesn't matter if that commodity is oil or batteries or food or whatever. But control and monopolization of the commodity is essential. Hope this clarifies.

[–] Honey_Pot 0 points 0 points (+0|-0) ago 

But control and monopolization of the commodity is essential.

That's the job of the US Military- enforcement. Countries that have tried to switch from the "Standard" have suffered at the hands of our Military. Recently, China and Russia have abandoned the Petrodollar. China and Russia are practicing joint 300,000 man war games, as well. Perhaps that is why the pace to divide the US into more manageable chunks (Balkanize) has escalated.

[–] wt1984yb 0 points 0 points (+0|-0) ago  (edited ago)

I would agree. Yes.

There is already calls for Hawaiian independence sponsored by that traitor Obama. I wonder... who would benefit?

"Senator Daniel Akaka sponsored a bill in 2009 entitled The Native Hawaiian Government Reorganization Act of 2009 (S1011/HR2314) which would create the legal framework for establishing a Hawaiian government. The bill was supported by US President Barack Obama.[94] Even though the bill is considered a reconciliation process, it has not had that effect but has instead been the subject of much controversy and political fighting from many arenas. American opponents argue that congress is disregarding US citizens for special interests and sovereignty activists believe this will further erode their rights as the 1921 blood quantum rule of the Hawaiian Homes Commission Act had done.[95] In 2011, a governor-appointed committee began to gather and verify names of Native Hawaiians for the purpose of voting on a Native Hawaiian nation.[96]"