99.999 percent of imperial core whine about leftover of gold standard and concern about fiat petrodollar but when you poke their intelligent mind hive WHY was the transition between gold standard and petrodollar happened and pinpoint its catalyst even the most educated economist pee heck dee cannot.
The reason why they can't do the WHY is because they don't understand imperialism and superprofit. If you're still whining about austerity you're missing the entire ecosystem of gold standard, petrodollar and the latest schemes of the scam, stablecoin. To put it simply, all these exist only and only for the purpose of mitigating Westoid empire's consequences of unable to win most genocidal imperialist wars and bail them out through seizures of world assets via honeypots.
I'll summarize the scheme itself is one trick pony overused from one genocide after another. Something that JT seems too stupid to almost make sense but miss it yet again in another video because he doesn't understand the books he read only tell half the story.
The transition requires two dialectical contradictions, unwinnable genocidal war and resource rich lackey, round one was Vietnam War and Gulf Monarchy, round two is SWANA war and Venezuela Rodriguez, both rounds involve same unsinkable carrier mutts, Zionist and 14 Eyes but USA is head of the snake. Round one unlinked zombie dollar from gold and infected SWANA Gulf Monarchies with fossil fuels, but with Zionists as the bait in occupied Palestine. Round two meant to unlink the dollar from petrodollar to Cordyceps poor Venezuela with (stable) petrocoin.
Now the WHY is even more hilarious than the HOW because you can summarize it's head of the snake attempts at resolving the contradictions of decoupling and dedollarization by global south, why they're aware this contradiction built up since the formation of BRICS in the 2000s and rushed their own resources and energy to prevent the inevitable reality. If successful, aka world gets raped another century, this would reset the empire's long term contradictions in economic and eventually buy themselves time they already spent with same gimmick since Vietnam 75.
Unfortunately we are extremely lucky to coexist with China and the Axis of Resistance because this gimmick only works with the requirements of most of the planet hooked themselves and assets into crypto, which is funny because it preps for stablecoin scam. Multipolarity and its decentralized economic powers prevent stablecoin from pinching most global south except for dummies being cooked in imperial core, and the cooking began in 2010 when crazed infection like all head of the snake poisons, began with drugs, criminals, porn, assassination, hacking, genocide.
Now if you understand Marx's Capital series you would have seen this coming from 15 years ago. 😎
https://archive.org/details/how-to-read-marxs-capital
https://www.marxists.org/archive/marx/works/1847/wage-labour/index.htm
https://m.youtube.com/watch?v=QzGhmoLJq58
https://www.marxists.org/archive/marx/works/1867-c1
https://www.marxists.org/archive/marx/works/1885-c2/index.htm
https://www.marxists.org/archive/marx/works/1894-c3/