They’ll need ships bigger than the biggest oil tanker to carry their cash ,LOL
These are people who don’t understand economics and never will. That’s why their economies are also-rans in spite of some of best human resources on the planet. Leaders who are first rate plotters and incompetent rulers.
Fine, close all ports to their products, and anyone who trades with them.
This move will hurt them more than us.
Wait til the figure out their alternate currencies buy fewer goods than the dollar.
What
Ever
I have been hearing this for so many years, you would think by now they would have a common super currency....
Lame azz...
I see inflation in their future.
5.56mm
If the petro-dollar is cast aside, TSHTF.
Russia - an economy the size of NY State’s, without prospects for rapid growth due to a “birth dearth” and the loss of young, talented people (all resulting from the Mexico-like Kleptocracy that Russia is).
Iran - much smaller economy, and now has many countries in the area banding together out of anger/fear over what it has done before, and what it is planning to do in the future. Dealing with a potential revolt, and very tough US sanctions. Their economy will be lucky to stay static.
China - heavily dependent upon exports; expansionism has angered many nations in the area and around the world; mercantilist trade policies on the verge of starting a trade war with the world’s largest economy, but which will likely be settled with China losing $100 billion/year or more in trade surpluses.
NONE of these nations holds a candle to the US economy, not even combined. NONE has a secure enough rule of law, or a free enough economy, to attract and hold potential investors. We’re going to clean their clocks.
Oh, and the Saudis will NEVER go off of the US dollar for oil sales...they are too tightly allied with us to do that.
This is business. In business, if you have a competitive advantage and press it, you simply cannot be defeated. The US has SEVERAL competitive advantages, and IS pressing them (at least now, under Trump). Trump is aiming to make the US just about as economically dominant as it was during the ‘50s, starting with energy...these crapola nations don’t stand a chance.
Our good friends...lol