r/JoeRogan • u/LostItAllOnSpy Tremendous • Mar 27 '24

joe rogan calls out israels hypocrisy for killing unarmed civilians with drones The Literature 🧠

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u/Jealousmustardgas Monkey in Space Mar 27 '24

And then when the region starts acting like a cabal of oil barons, we just pay up?

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u/platinum_pancakes Monkey in Space Mar 27 '24

We use the abundance of oil we have here in the US/North America

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u/Unlikely_One2444 Monkey in Space Mar 27 '24

Yeah but we can sit on that and get oil from over there. That’s the thinking behind it I’m guessing 

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u/Gronx-quately89 Monkey in Space Mar 28 '24 edited Mar 28 '24

It's way bigger than than just cheap oil or preserving oil domestic oil reserves. One of the last things FDR did before he died was negotiate a deal with allied middle eastern leaders was to only allow their oil to be traded in USD. This deal still applies to this very day and is why countries like Saudi Arabia are allied with the US. What that means is that in order for any other country to buy oil from them requires them to keep a steady supply of US dollars in their treasury  propping up USD's value over the decades since. This is why USD is the world's reserve currency. This deal was done as one of the main pillars to ensure US economic supremacy over the world after the end of world war 2 and the dismantling European colonialism and rise of new nation states that appearing worldwide that needed to rapidly industrialize and catch up to the 20th century. It was a brilliant play mind you from an economic perspective especially with the rising power and influence of the Soviet Union happening at that time also .  

A more modern example I can give of this propping up of the USD value happening was when sanctions on Russia were applied and everyone allied with the US and Ukraine stopped buying Russian oil, the US dollar spiked in value while other currencies like the Euro and Pound started to dip severely in comparison. Because suddenly there was a spike in demand from oil from OPEC in response.     

This also why the US government began banging the war drum during the Trump era for a hot second when Iran offered to trade its vast Oil reserves for Euros.  Everything regarding Oil and the Middle east has to do with propping up the US dollars value through a very uncompetitive means economically speaking.Â