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The concept of the "petrodollar" refers to the practice of trading oil in U.S. dollars, which has led to the dollar's dominance in global trade. While some critics argue that this system creates economic imbalances and incentivizes U.S. military intervention in oil-rich regions, calling it a "scam" oversimplifies complex geopolitical and economic realities. The petrodollar system has both advantages and disadvantages, but it functions within established international financial frameworks rather than being an outright scam.

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1mo ago

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