Anonymous ID: c78bfd July 25, 2022, 10:57 a.m. No.16804014   🗄️.is 🔗kun   >>4027

The petro-dollar is governed by the oil market. The top producers, and controllers of the supply are the US, Russia, Canada,Saudi Arabia (OPEC), Iraq, China, & India, in order of production.

 

This means that 80% of the control of the value of the petro-dollar is not the US.

 

I don't see the BRICS precious metals system hurting the US, because the US has massive reserves of precious metals also.

 

Which market is more manipulated oil or precious metals? Demand for oil is relatively steady, predictable, and under attack by precious metals intensive industry like electric vehicles.

 

At the end of the day, what do you want backing your currency? A Single use commodities (oil), or recyclable precious metals?