Why is the USA waging war on Iran? It's not just because of Israel. Washington wants to control the oil of the Middle East (West Asia) to maintain the petrodollar system. The Trump admin fears the dedollarization movement's challenge to the global reserve currency, which is the US empire's most powerful tool. Ben Norton explains.
VIDEO: https://www.youtube.com/watch?v=zcXrvKVsPV8
Topics
0:00 Iran war, US & Israel
0:32 World War I analogy
1:47 Middle East wars
2:56 Oil reserves
3:51 (CLIP) Trump wants Venezuela's oil
4:14 Oil blockade of Cuba
4:59 Strait of Hormuz
5:40 Trump admin targets Iran's oil
6:06 (CLIP) US wants "to get all of the oil"
6:30 USA is top oil producer
7:11 Dollar as global reserve currency
7:55 Sanctions and financial system
9:00 Dedollarization
9:50 (CLIP) Trump fears dedollarization
10:07 Iran joins BRICS
10:22 Iran promotes dedollarization
11:08 Resistance groups
11:38 Petrodollar system
13:14 US oil deal with Saudi Arabia
15:06 Oil is (mostly) sold in US dollars
16:38 China buys Iranian oil with yuan
17:05 Venezuela sold oil in renminbi
17:26 Petrodollar and Venezuela
18:19 Trump official: Iran war for oil
19:44 USA targets China
20:44 Exorbitant privilege of US dollar
22:26 Commodities priced in USD
23:19 Financial elites benefit
24:17 US stock market: 60% of world
24:54 Global elites hold US assets
26:57 Gold standard to oil standard
28:11 Richest 10% hold 90% of stocks
28:43 Dedollarization grows
29:21 Rise of China (and India)
30:01 China buys oil with yuan
31:20 Iraq sold oil for euro, not USD
32:19 USA controls Iraq's oil revenues
33:30 Venezuela's oil revenues
34:19 Trump fears de-dollarization
35:00 UAE sells China LNG in RMB
36:01 Saudi Arabia considers yuan
36:51 Saudi BRICS invitation
37:15 UAE joined BRICS
37:44 War among BRICS members
38:29 US provokes Saudi-Iran conflict
39:10 China brokers Saudi-Iran deal
39:39 Petrodollar war
40:52 Israel and lobbying
43:34 Israel: US aircraft carrier
44:20 (CLIP) Biden: Israel "investment"
44:36 Israel and petrodollar
45:11 The tail does not wag the dog
46:05 Suez crisis of 1956
47:28 Origins of US-Saudi alliance
48:30 US-Israel alliance is recent
49:58 Bigger picture of US imperialism
51:55 Outro
