Cuba is struggling with devastating nationwide blackouts as the United States’ effective oil blockade strangles fuel supplies. But this crisis may also be accelerating a China-backed clean energy revolution that’s been quietly unfolding in the Caribbean nation.
  • SirEDCaLot@lemmy.todayEnglish
    5·
    9 hours ago

    The US govt has a responsibility to keep the PetroDollar in tact since Nixon killed the gold standard, otherwise the global dependency on USD is no longer maintained and other currencies have a chance to replace it.

    This 100%.

    US Govt is propped up on debt. We have no financial discipline today and none is anywhere in sight. If our currency loses value we’re mega-fucked.

    If petrodollar goes away, our currency loses a lot of credibility. And we are doing everything possible to ensure that everyone involved wants nothing to do with us.

    Great strategy :)