How the US Dollar Keeps the World Poor
Posted by Annoying1978@reddit | collapse | View on Reddit | 4 comments
The US dollar isn't just a currency, it's a weapon. Here’s how the United States uses oil and military force to ensure it controls the global economy and how that affects the lives of billions of people in Africa, the Middle East, and Latin America.
StatementBot@reddit
The following submission statement was provided by /u/Annoying1978:
The Petrodollar: How the US Dollar Keeps the World Poor
The U.S. dollar isn't just a currency, it's a weapon. The U.S. dollar is the world's currency and the foundation for international trade. For billions of people across Africa, the Middle East, and Latin America, that single fact determines whether their economy thrives or collapses.
This is the story of the petrodollar and how a secret deal struck in Saudi Arabia in 1974 gave the United States financial control over every nation on Earth. This video will explain why countries like Nigeria, Venezuela, Ghana, and Iran have seen their currencies destroyed. We also look at the rising influence of BRICS and why dozens of nations are now risking everything to break free from dollar dominance and build a new global financial order.
Please reply to OP's comment here: https://old.reddit.com/r/collapse/comments/1sqpboo/how_the_us_dollar_keeps_the_world_poor/oh9bxmw/
TumbleFairbottom@reddit
How would a different currency change that?
Annoying1978@reddit (OP)
The point isn’t to have a single dominant currency.
Annoying1978@reddit (OP)
The Petrodollar: How the US Dollar Keeps the World Poor
The U.S. dollar isn't just a currency, it's a weapon. The U.S. dollar is the world's currency and the foundation for international trade. For billions of people across Africa, the Middle East, and Latin America, that single fact determines whether their economy thrives or collapses.
This is the story of the petrodollar and how a secret deal struck in Saudi Arabia in 1974 gave the United States financial control over every nation on Earth. This video will explain why countries like Nigeria, Venezuela, Ghana, and Iran have seen their currencies destroyed. We also look at the rising influence of BRICS and why dozens of nations are now risking everything to break free from dollar dominance and build a new global financial order.