[[File:Screenshot 28-4-2026 18594.jpeg|center|650px|thumb|<big>In the old days, [[Gulf States]] used to sell [[oil]] in [[dollar]]s to buy [[T-Bills]] in a "protection racket" ("[[security guarantee]]s") and finance the [[federal deficit]]. ''No mas''. After the destruction of all [[US]] [[military]] bases in the [[ME]] in March 2026, [https://defencesecurityasia.com/en/us-bases-uninhabitable-iran-missile-strikes-centcom-force-posture-2026-war/] they now sell US Treasuries, which increases the cost of financing the [[US national debt]] by putting upward pressure on [[interest rate]]s.</big>]] | [[File:Screenshot 28-4-2026 18594.jpeg|center|650px|thumb|<big>In the old days, [[Gulf States]] used to sell [[oil]] in [[dollar]]s to buy [[T-Bills]] in a "protection racket" ("[[security guarantee]]s") and finance the [[federal deficit]]. ''No mas''. After the destruction of all [[US]] [[military]] bases in the [[ME]] in March 2026, [https://defencesecurityasia.com/en/us-bases-uninhabitable-iran-missile-strikes-centcom-force-posture-2026-war/] they now sell US Treasuries, which increases the cost of financing the [[US national debt]] by putting upward pressure on [[interest rate]]s.</big>]] |