Oddbean new post about | logout
▲ ▼
Junkies_R_Us | 1 years ago (raw) | root | parent | reply | flag 
 it's not, dude.
you can't reject reserve currency by default, that's why it's the reserve currency.
▲ ▼
Sick Burn, Bro | 1 years ago (raw) | root | parent | reply | flag 
 sure you can. whose gonna stop you?
▲ ▼
Junkies_R_Us | 1 years ago (raw) | root | parent | reply | flag 
 from buying the dollar?
the fact you've to buy dollars to purchase oil
▲ ▼
Sick Burn, Bro | 1 years ago (raw) | root | parent | reply | flag 
 so if I go to Saudi Arabia and say "hey, I'll pay your .25 btc for your drum of oil" they'll say no?
▲ ▼
Junkies_R_Us | 1 years ago (raw) | root | parent | reply | flag 
 >what happens if I don't buy oil in dollars
ask Ghedaffi & Saddam Hussein what happens

here's a reasonably good basic rundown on the petro-dollar
thebalancemoney.com/what-is-a-petrodollar-3306358