Bonds petro dollar

it looks like it they'll do anything for israel they don't care how it affects the bond market how it affects the dollar petrodollar like some people say they get that wrong like it's not what currency you price your goods in that doesn't matter like it's think about this they're like oh what if they switch the yuan and bricks but you've heard the story i'm like oh what if they stopped uh selling oil in dollars guys they stopped selling oil not they stopped selling oil in dollars they stopped selling oil period for 60 days so not only whether it was priced in dollars or not it's not even being sold at all did the dollar collapse no it didn't because that's not what props it up it's what they do with those reserves which is buy u.s bonds that matters if they wanted to sell in yuan which they have like here's the example japan was the second largest market in the world it's fourth but barely it's like practically tied for third u.s and china are higher they switched to yen and bought oil directly from iran in yen not dollars from 2007 to 2019 2019 you didn't even notice people do bilateral trades all the time there is no rule that says you have to buy the oil in dollars this is one exception was saudi arabia whatever but there's nothing that says you have to they do it because it has the least amount of volatility and when you're doing trades in the billions you know if a currency fluctuates a tenth of a percent whatever i mean you could be losing millions of dollars Thank you.