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The dollar is backed by force, not gold, constitutional scholar Watkins says - KITCO

Source: KITCO

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DW NOTE

The dollar's backing has always been force — Bretton Woods was enforced by American naval supremacy, the petrodollar by Fifth Fleet patrols of the Gulf. What's changed isn't the mechanism but its cost: with the Strait of Hormuz still choked and WTI at $88 despite a ceasefire, the US is discovering that coercion works until it price-fixes you into recession.

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Brent Breaks $100 for the First Time in Nearly Two Months

Oil prices hit the $100 per barrel mark early on Wednesday in Asian trade as the ongoing crisis in the Middle East has diminished hopes of U.S.-Iran talks and a return to normal oil flows soon. As of early morning trade in Europe on Wednesday, the international benchmark, Brent Crude, jumped by 2.2

Bitcoin climbs as oil tops $100, equities drop after Iran strikes

Bitcoin advanced to as high as $79,700 while Brent crude topped $100 and European shares fell, leaving crypto tracking gold rather than equities.

The dollar is backed by force, not gold, constitutional scholar Watkins says - KITCO

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Brent Breaks $100 for the First Time in Nearly Two Months

Bitcoin climbs as oil tops $100, equities drop after Iran strikes

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