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by carbonguy 143 days ago
> I, a foreign entity, have sold something to an american and now have 10 dollars and zero treasuries.

Or you sold something to a non-American entity in a dollar-based market, eg. oil. The dollars do come from America to begin with, but once they get "out there" they work as a medium of exchange for whoever wants to use them for that purpose.
1 comments
direwolf20 143 days ago
Which is why the US historically bombed any country that sold oil for other currencies, but now china is negotiating the petroyuan and it's working.
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mayhemducks 143 days ago
Interesting - The petroyuan was not on my radar at all.

https://ipr.blogs.ie.edu/2025/06/27/geopolitics-of-oil-how-c...: This article explores case studies such as Russia, Iran, and Venezuela, illustrating how the petroyuan has been implemented to bypass sanctions and reduce dependence on US financial systems.

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direwolf20 143 days ago
It's ironic, isn't it? After going to war so many times to protect the petrodollar, the US deleted the petrodollar itself.
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timtas 131 days ago
The petroyuan faces a big problem, which is lack of trust in the CCP to preserve its value.

As mentioned, there’s also mounting dissatisfaction and distrust in the petrodollar, but the devil you know…

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