· by cazabon.mindly.social.ap.brid.gy ·18h ago · view on bsky.app ↗

Original post on mindly.social (mindly.social)

Once upon a time, it was an absolute political and economical scandal when the US government ran up an annual deficit of a trillion dollars. [1] Under Trump's tax cuts for the rich and bloated spending for his pet projects and well-connected contractors, the USA just ran up a $432 billion […]

#budgetdeficit #debt #deficit #nationaldebt #usbudget #usdollar #usoil #uspol

1 comments — live from bluesky

C. · 0 · 18h ago

If you want to buy oil, you need US dollars to do it, so you go and get some US dollars. If you want to sell oil, you collect US dollars from your customers, and now you have US currency which you can basically only spend on US stuff. Oil keeps the US dollar in its preeminent position, giving […]

C. · 0 · 17h ago

The Iraq ~~oil-grab~~ war? Because of this. The threats and destruction and kidnapping of the leader of Venezuela? And the resulting theft of their oil? Because of this. The war in Iran? Partly because the idiot was talked into it by an "ally", but the US has been threatening Iran for decades […]