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@ Janardhan Lavakumar
2025-02-10 18:05:47
Once Nixon took us off the gold standard, the petro dollar system became all important to sustain US dollar dominance.
This system requires the whole world to trade oil using the US dollar, thereby preserving dollar dominance. There have been several wars under various pretexts, with the real underlying reason being preserving the petrodollar system and dollar dominance.
Bitcoin adoption by nation states will get us off this toxic system that has caused so much violence.