But I can see Israel taking a cut for “security” or some bullshit. Maybe even outright taking it and using a tiny slice of proceeds for “the betterment of Gaza” that doesn’t do anything but enrich Israeli companies.
I don’t know how the US could profit off this tho.
Just having allies sell oil for dollars instead of some other currency already helps the US a lot. It’s called seigniorage, the more people use the US dollar, the more they can print without feeling much inflation. The whole gulf war was fought to ensure those countries traded oil in US dollar.
In the last year or two, several countries have traded oil for another currency for the first time in ages. Which is big. With Iran sponsoring Palestine a lot, they might have similar ideas. The Arabs of all people understand the oppressive tactics of the US and their currency.
Consider why Gaza has to depend on that outside aid. It’s not because they want to, it’s because Israel has stolen all of their land they could use to support themselves, and has locked them in an open air prison eliminating the opportunity for a functioning export-driven economy that cities typically use to import the materials they don’t have immediately around them. It’s like locking someone in a prison cell and then “generously” providing them with a daily meal and water.
Can’t read the article because it’s pay walled…
But I can see Israel taking a cut for “security” or some bullshit. Maybe even outright taking it and using a tiny slice of proceeds for “the betterment of Gaza” that doesn’t do anything but enrich Israeli companies.
I don’t know how the US could profit off this tho.
Just having allies sell oil for dollars instead of some other currency already helps the US a lot. It’s called seigniorage, the more people use the US dollar, the more they can print without feeling much inflation. The whole gulf war was fought to ensure those countries traded oil in US dollar.
In the last year or two, several countries have traded oil for another currency for the first time in ages. Which is big. With Iran sponsoring Palestine a lot, they might have similar ideas. The Arabs of all people understand the oppressive tactics of the US and their currency.
Maybe even use the money to pay back for all the resources Israel provides Gaza for free.
Consider why Gaza has to depend on that outside aid. It’s not because they want to, it’s because Israel has stolen all of their land they could use to support themselves, and has locked them in an open air prison eliminating the opportunity for a functioning export-driven economy that cities typically use to import the materials they don’t have immediately around them. It’s like locking someone in a prison cell and then “generously” providing them with a daily meal and water.