This is a complex Issue but one we must get our heads around. This guy Explains

US and its allies ratcheted up the economic warfare last month with the decision to freeze Russia’s central bank overseas reserves, an event we believe will be remembered for decades as lighting the match that accelerated the US$’ ultimate demise. We have said that the events of 2/26/22 have likely ended the Petrodollar System in a manner similar to how Nixon removing the gold backing of the US$ ended the Bretton Woods System.

https://3circleinvestments.substack.com/p/quick-oil-to-gold-ratio-math?utm_source=twitter&s=r