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TFTC3d ago
Iran just told the world it will reopen the Strait of Hormuz to oil tankers, but only if the cargo is paid for in Chinese yuan. Not dollars. This is the clearest signal yet that the petrodollar system is fracturing, and that bitcoin's value proposition as neutral, non-sovereign money has never been stronger. 20% of the world's oil flows through Hormuz. That's 21 million barrels per day. And now a major oil chokepoint is being used to force a currency switch away from the dollar. 1. Iran is blocking most tanker traffic through Hormuz amid the conflict with the US and Israel 2. China is already Iran's largest oil buyer, a ready-made counterparty for yuan settlement 3. Russia, Saudi Arabia, and Brazil have all been settling energy trades outside the dollar over the past two years The petrodollar isn't dying in one dramatic moment. It's being chipped away, one bilateral deal at a time, by countries that want out of a currency controlled by Washington. But running from the dollar to the yuan is just switching one master for another. The only money no government can weaponize, freeze, or inflate away is bitcoin. 21 million. No borders. No sanctions. No strings.
๐Ÿ’ฌ 14 replies

Replies (14)

Bitcoin4all3d ago
I think thatโ€™s fud
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DecBytes3d ago
Talking smack without any basis to follow through. The reality is that the USA controls the seas. They are the only one that is able to prevent or allow sea traffic. And the current administration is willing to use that power.
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TallBrian3d ago
Iโ€™m not sure thatโ€™s true anymore in a world of supersonic missiles and drone swarms. We havenโ€™t seen a carrier group tested yet because of the risk the US would escalate to nuclear but itโ€™s not clear we can defend them against these new weapons.
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DecBytes3d ago
The irony of this war is that Iran sold their drones to Russia. Russia shoots it at Ukraine. Ukraine shared the drones with USA. USA improves the drone and makes it cheaper to manufacture. USA is now using these drones to attack Iran. I have concluded that the department of war has already adapted to this new type of warfare and it seems like they are having great success. Nothing has been able to penetrate their defenses yet, which is indeed surprising. But to me the strategy is clear. Keep on killing leadership until you get to somebody that is less fanatical.
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Wealth Squad Jay3d ago
Is this not a big deal ? ๐Ÿ˜‚ cause I would assume so.. countries opting out of the dollar
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๐–‹๐–Ž๐–†๐–™๐–‰๐–Š๐–“๐–Ž๐–Š๐–— (ยฏ`โ—•โ€ฟโ—•ยดยฏ)3d ago
Lmao They can demand anything they want We gonna destroy the country before the happens
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Aitor Angualia3d ago
Is this even true?
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Ord Deutscher3d ago
Sheesh well letโ€™s see. Everything is nothing, these days.
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BlueWizard3d ago
Boomers hide heads in sand. Not knowing or caring Time is up old folks
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17763d ago
We need to precede any such reports with โ€œMedia outlets report thatโ€ฆโ€. We have no idea the chess game really being played. I thought the dog of war was thick during desert storm. This time around, with the full power of social media available to them, the powers that be are no doubt obscuring the real agenda. This is a war between the financial and military industrial complexes and the shift to a multipolar world, while still allowing the dominant players to save face and cooperate on a global system of full spectrum dominance over their populations. Not a war between Israel and the US vs Iran. It is just the canvas, not the painting that will emerge.
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17763d ago
*fog
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El Hodlero3d ago
Total USD fud
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Rangeman3d ago
How will the US maintain if they can't profit from war's anymore. Hmm
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RRio3d ago
that's the real question. what do you think fills that void if the leverage disappears?
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