this post was submitted on 29 Aug 2023
34 points (88.6% liked)

World News

39004 readers
2908 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 1 year ago
MODERATORS
 

Addition of KSA, UAE, Iran means share has doubled to 42% of crude oil output in 2022. "Saudi pricing oil exports to China and India in non-dollar currencies does not spell the end of the dollar as the international currency of choice,” says ING. Trade within bloc makes trade hard to sanction by West.

you are viewing a single comment's thread
view the rest of the comments
[–] HomebrewHedonist@lemmy.ca 2 points 1 year ago (1 children)

When they start to tell us there's no problem, there's a problem. The US dollar is in decline as the world currency. Too much debt by the US is making other countries nervous to hold too much of their dollars.

[–] Pons_Aelius@kbin.social 2 points 1 year ago (2 children)

The USD as the world reserve currency has propped up the USA for decades. If/when that is no longer the case, the US is in for a serious reality check.

One of the never mentioned things about the Iraq war was that Iraq had announced it would sell its oil without the use of the USD a few months before.

[–] I_annoy_you@lemmy.world 0 points 1 year ago

they certainly used influence better than how china would.

[–] deft@ttrpg.network 0 points 1 year ago

bay of pigs, Venezuela, etc