this post was submitted on 13 May 2026
875 points (99.5% liked)
Technology
84603 readers
4158 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
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to keep the PetroDollar in tact since Nixon killed the gold standard, otherwise the global dependency on USD is no longer maintained and other currencies have a chance to replace it.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 is currently happening, ofc, with ships crossing Hormuz by paying Yuan instead of Dollars.
Now that UAE has shown other countries how to leave OPEC, USD (read: everyday Americans) might be royallyfucked but at least USA might be able to move away from microplastics and pollution.
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 :)
Im sure it'll all work out for the rich people, at least