Comment: I don't think Ron Paul is exactly correct on this issue.

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I don't think Ron Paul is exactly correct on this issue.

In essence it's a financial/military agreement, like a protection arrangement. Ron Paul says, "This demand is artificial, since the US dollar is just a middleman in a transaction that has nothing to do with a US product or service". Well, not exactly true, it does have something to do with a service, that service is defense, the most important thing to a sovereign oil rich nation. I'm not justifying it, just saying. How long would Saudi Arabia last in an unstable world without US military protection? Those oil rich nations are low hanging fruit for the next military adventures state or rouge pirates looking for resources. Its our navy that keeps the sea lanes open for commerce and that's expensive. If they pull the petrodollar the US pulls defense because we won't be able to afford it and I don't think any other nation is able to be trusted or capable of doing what we do now.