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Comments by "boz" (@BOZ_11) on "Capitalism, Chinese Style" video.
@slobomotion That's one trade agreement between two countries. The vast majority of countries on earth trade oil in dollars. Do not be pedantic.
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@slobomotion Every oil exchange in the world trades in dollars, therefore U.S monetary inflation affects any country that imports oil, i.e ALL countries. USA is exporting their inflation
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@elouwen apparently you're unaware that the main reason the U.S went to Iraq was to stop Saddam having oil on the Iraqi exchange traded in anything but U.S dollars. Yes, potentially Russia and China's actions may inspire others, but not all nations have the clout and military of russia and china. Wake me up when it's more than a tiny handful of nations. Until then, my point will continue to stand no matter how many people respond to this post. The U.S export their inflation to much of the world
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