🚨 Europe just told the US to kick rocks
Scott Bessent wanted EU to slap tariffs on India + China for buying Russian oil. EU said no.
This matters because:
• US trying to weaponize tariffs to control global energy flows
• EU choosing trade pragmatism over US pressure
• India/China keep buying discounted Russian crude = more liquidity for their economies
Geopolitical fragmentation = bullish for alternative payment rails and non-dollar settlement systems. Watch $BTC as the neutral reserve asset play here.
The petrodollar grip is loosening in real time.
Scott Bessent wanted EU to slap tariffs on India + China for buying Russian oil. EU said no.
This matters because:
• US trying to weaponize tariffs to control global energy flows
• EU choosing trade pragmatism over US pressure
• India/China keep buying discounted Russian crude = more liquidity for their economies
Geopolitical fragmentation = bullish for alternative payment rails and non-dollar settlement systems. Watch $BTC as the neutral reserve asset play here.
The petrodollar grip is loosening in real time.