Quote from: BitBustah on March 21, 2019, 01:40:03 PM

Many conspiracy theorists believe Gadaffi was killed because he only wanted to accept gold for Libya's oil. That would have completely undermined the United States dollar and exposed it as worthless numbers in a computer screen that can be created at will.

This is a myth with all dictators.
It is said that both Saddam and Ceausescu wanted this, and the later was killed because he wanted to open an alternative to the FMI. This while he had not a cent and his country was starving, probably the one in the worst shape from all of the former Warsaw Pact.

All failed regime need to have an enemy, someone who is destroying them and not letting them be a galaxy superpower.
Why has Venezuela gone bust and not Norway?

As for the gold for oil, there is one tiny flaw in it.
You can ask for gold, but it's up to the buyer to agree with this.
That's the major problem, and with oil supply and production going to the roof you have little chance of forcing the buyer to accept your terms.

Quote from: CryptopreneurBrainboss on March 21, 2019, 04:38:18 AM

Is US an oil producing state for their currency to be backed by oil? They don't even have oil to start with.

Read the news!
United States is the world's largest producer of crude oil