I wonder if this is the final nail that will decouple the world economy from the dollar.
But then, I suppose the plan was to decouple the world from the dollar all the time. Trump is clearly playing 5D connect-4.
If anything Trump was trying to prevent the change away from the petrodollar standard. That “currency” allows the US to run up debts because nobody wants the dollar to collapse and wreck everything traded in USD.
I don’t know about the quality of this site, so be skeptical: https://factually.co/fact-checks/foreign-policy/was-iran-threatening-to-abandon-petrodollar-275c36
Iran has been out of the petrodollar system since the maximalist sanctions the US imposed in 1995. Sanctioned countries don’t have a use for dollars.
You were not born when the decoupling began. You will not live to see it end.
I suppose the plan was to decouple the world from the dollar all the time.
I mean, depends on who you ask. But there’s definitely been a deliberately effort from within the Silicon Valley wing of the economy to force people into using Cryptocurrency as a legally-compulsory dollar alternative.
You were not born when the decoupling began.
As recently as the 1970s, the world was getting unambiguously more coupled. As recently as the 1990s, it was ambiguously so.
And decoupling only started to really happen last year. Before that it was going in a glacial pace.
And decoupling only started to really happen last year.
We began decoupling when we took a militant policy against immigration. You can take that back to Clinton in the 90s or all the way back to Eisenhower in the 50s. But we’ve been adopting strains of isolationism straight back to the final days of WW2.
You could describe the Cold War as an enormous globalized decoupling event, which we tentatively recoiled from a few times before collapsing back into it.
it depends where you look. there’s been intentional economic globalism in areas. regionalism? we applauded nixon for making inroads with china.
an interconnected global economy is the soundest defensive military policy i can think of. what government is going to be fool enough to blow up iran’s economy when iran’s economy is their economy too? (yes krasnov is fool enough it was a stupid question but you get it right?)
we applauded nixon for making inroads with china.
YMMV. The John Birchers hated that shit.
yeah they are a bunch of shitasses
laughing from my desk job at a Fortune 500 O&G company
More like 3D Chutes and Ladders.
So connect 4, but he can’t count that high…
Imagine playing Connect 4, or any game for that matter, against him; halfway through the game he’d yell “STOP THE STEAL!!!”
Wait. So the president do control gas prices? It’s so much different this time!
It’s crazy, this one little trick. Kicking off World War III. Why didn’t the libs think of it!?
They did.
Wrong, not even the neo libs wanted this both sides man.
Source: 12 years of Neoliberals rule and zero wars with Iran and instead a workable peace treaty.
Neocons all the way.
K
Silly question for the lemmy brain trust: what happens when most people are priced out of commuting?
Seems like that would inadvertently bring about a general strike.
Unlikely. Lemmy is, like, 50% doomers who think everything in their lives is hanging by a thread at any moment and that everyone else is the same.
The reality is that even the doomers have far more slack in their lives and options for alternatives than they realize. People will tighten their belts, bike or take transit, carpool, start private transit businesses, move closer to work, get jobs closer to home, move in with family/roommates, etc.
Here the price always starts lower on monday and then rises to the highest price on the weekend and then repeats. Not surprised by anything tbh
Once again the American people have decided to/tacitly accepted to invade, murder and pillage another society far away. Once again many Americans will doom themselves to Hell, where they rightfully belong. And the only way to make a Burger oppose this new human tragedy is to tell him the gas prices are up, lol. I have to laugh not to cry at how ridiculously vicious and inhumane that is… but this IS America. 😔🤷
Ok, so, what is your suggestion? The people who are directly perpetrating this war are hiding behind armed guards. Have you noticed that no rightwing politician in the US has done an interview outside since September 10th of last year?
It’s easy to sit at your keyboard and suggest people on the other side of the ocean fight and die for your conscience. It’s harder and more time consuming to build parallel systems to support those who are against the regime.
You probably think the media is telling you what’s happening over here, don’t you?
Perhaps, but maybe he shouldn’t be using Skittles to play it.
AI slop
