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Open original source ↗BIG PICTURE 🖼️ :
Control of 🇻🇪 accomplishes 2 critical longterm strategic goals for the 🇺🇸 :
1/Creates longterm structural control of oil 🛢️ supply — big driver of inflation.
2/Creates structural leverage for continued longterm US 🇺🇸 PetroDollar dominance & by extension stabilizes challenges to 🇺🇸 reserve currency 💵.
Quoted context
These are the quoted author’s words.
Dedollarization continues: The share of US dollar-denominated assets held by global central banks has dropped to 56.9% of total foreign exchange reserves, the lowest level since 1994. Note: this doesn't include gold holdings, which have skyrocketed as central banks have bought up tons of gold to dedollarize. If gold were included, US dollar assets as a share of total central bank reserve assets would be even smaller. Source: https://t.co/d915qz77Tw
BenjaminNorton ↗