https://twitter.com/MikeCristo8/status/ ... 0038418432
When Saudi oil was traded in dollars ONLY, it allowed the U.S. Treasury to book a loan (sell a bond) to poor counties and through exchange rates to acquire dollars to get Saudi oil.
Then through double entry bookkeeping, this allowed the U.S. Treasury to book this loan as a deposit (liability) on the Treasury balance sheet, where the U.S. Treasury emitted interest-yielding bonds and created financial assets along the way.
Then when poor countries couldn’t pay off their dollar loans, the IMF came in with SDR’s and as part of the contract the poor countries had to sell off their public domain (ports) to U.S. oligarchs where they charged poor countries fees to offload goods on their own land.
By the U.S. only importing Saudi oil it allowed oil to be artificially priced at $70 bbl where the U.S. Treasury was able to emit even more interest-yielding bonds.
看看这位老哥写的关于美国的钱是怎么赚的
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Re: 看看这位老哥写的关于美国的钱是怎么赚的
美帝认为中国的一带一路也是在玩同样的手段,攻击中国,其实他妈的美帝都干了几十年了,还不许别人学napoleon 写了: 2023年 7月 18日 00:45 https://twitter.com/MikeCristo8/status/ ... 0038418432
When Saudi oil was traded in dollars ONLY, it allowed the U.S. Treasury to book a loan (sell a bond) to poor counties and through exchange rates to acquire dollars to get Saudi oil.
Then through double entry bookkeeping, this allowed the U.S. Treasury to book this loan as a deposit (liability) on the Treasury balance sheet, where the U.S. Treasury emitted interest-yielding bonds and created financial assets along the way.
Then when poor countries couldn’t pay off their dollar loans, the IMF came in with SDR’s and as part of the contract the poor countries had to sell off their public domain (ports) to U.S. oligarchs where they charged poor countries fees to offload goods on their own land.
By the U.S. only importing Saudi oil it allowed oil to be artificially priced at $70 bbl where the U.S. Treasury was able to emit even more interest-yielding bonds.