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Topic: Taking back control from the Petrodollar...(Saddam & Gaddafi) (Read 110 times)

full member
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Im really curious what would of been the outcome of Saddam Hussain and Gaddafi when fighting back from the tyrannical power and control of the US dictating how barrels of crude oil are traded in petrodollars if they had cryptocurrency back then and could have had big external investors?

Well we are seeing almost the exact thing with Iran, Venezuela and Syria the only OPEC countries left that still are not controlled by the U.S, Venezuelans and Iranians are starting to trade with bitcoins but I don't know if the Syrians are doing  it because  they have a civil war and the ISIS over there
member
Activity: 266
Merit: 42
The rising tide lifts all boats
I think in their situation what could have helped them was holding important hostages, like members of Western elites or their offspring in custody, hidden from rebels and their instructors and foreign diplomats.
Theoretically, they could order kidnapping and transporting those via some kind of Dark marketplace, using crypto currency.
But they also could have done that by other means. Their failure to do so, and their miscalculated trust to Western leaders (probably originating from awe before Anglo- American cultural imperialism, things like Coca-Cola and Beatles) resulted in their demise.
copper member
Activity: 224
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Im really curious what would of been the outcome of Saddam Hussain and Gaddafi when fighting back from the tyrannical power and control of the US dictating how barrels of crude oil are traded in petrodollars if they had cryptocurrency back then and could have had big external investors?
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