florin.hilbay on Nostr: The U.S., after suspending the redeemability of the dollar to gold, created the ...

The U.S., after suspending the redeemability of the dollar to gold, created the petrodollar system to sustain an artificial demand for its currency.

Now that such system is about to collapse because of what China and Russia are doing, the best move for the U.S. would be to load up in bitcoin and later on declare that the dollar as backed by Bitcoin. This should re-establish trust in the dollar and tie its currency with money actually tied with energy.