UNDERSTANDING PETRODOLLAR: US DOLLAR, OIL PRICES & SAUDI ARABIA (EITS #5)

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This is soo good! Literally knew so little around this & now I feel so informed. Love it! Subscribed!

Автор — Seema

Isreal behind the petroleum dollars ... not surprising...another piece of the elusive puzzle.

Автор — Alessandro V Berlingeri

Finally, I found an American who understands the Saudi-US relationship correctly
Saudi Arabia sells oil in dollars, which is what makes the dollar a value and acceptance to this day. 👍👍⁦🇸🇦⁩

Автор — Abdullah Alshehri

Really Enjoyed this video....I enjoyed approaching the market from another angle. Ive been on the fence of signing up for the full course. But seeing your knowledge in other areas has brought me one step closer in realizing that you not just in it for a quick buck. Thanks

Автор — SaffinRed

commodities is the only thing keeping the dollar afloat. A good book to read is the confession of economic hit man he talks about the deal with Saudi and Latin countries and the IMF. But its also the same reason they killed Ghaddafi, we wanted to see his oil in a new gold backed African currency and we see how that went, Also Saddam was in talks of selling in Euro and he got killed. I think now that the demand for oil has come down and we (globally) are shifting to green energy, it would be interesting to see what comes out of it. I know Armoc is already building/built Solar farm and it plans to distribute throughout the middle east.

Автор — Lance Branford

So, the "petrodollar" was a move to avoid demand-pull inflation.
Milton Friedman was very wrong on a great many of his economic theories. We are still paying the price for his neoliberal nonsense, which failed completely in 2008. The dollar is in no way tied to the value of any commodity. There is no economic model that can explain the value of the exchange rate of the dollar because it is driven by speculation. The interest rate is in no way the result of market forces. The Fed appoints the interest rate.
In terms of understanding international trade, you must understand macroeconomic sectoral balances. It does not appear that this video covers it at all.

Автор — Kain Alrik

Omg this is incredible, thank you so much to put it together sooo much appreciated 🍀

Автор — Katerina Svobodova

we should s nd must stop importing oil. let's convert all cars to natural gas in america. mandate that all new cars run on cng implement more filling stations. print money to find this devs lying out currency and this will also being kind back from china then stop all trade with china

Автор — Nun Urbuisness

Very appropriate given Wednesday's OPEC announcement, looking forward to the rest.

Автор — Gary Foster

Informative. Thanks for the wonderful documentation on PetroDollar relationship

Автор — Dinesh Kumar

Great audio. Good quality mic you have.

Автор — Karl Roberts

Reminds me of the book n movie.. "rollover".

Автор — billy kobilca

Good thing most Americans are too busy watching football and Dances With The Stars to realize the Petro Dollar is the reason Saudi Arabia gets a free pass for 911. Sad....

Автор — bigart1993

I have tried explaining to ppl one of the main reasons for 9/11 was to invade and control the middle east. And to kill Saddam. There is more evidence about 9/11 other than the science and engineering on how the buildings came down. US foreign and monetary policy and economics played a major role and I feel like ppl miss the clues bc they are so focused on whether or not the towers came down by means of cd. The petrodollar is the key to understanding involvement in the middle east. Bretton Woods Agreement, Vietnam War and Nixon Shock, US deal with SA, Saddam switching to euro all clues to involvement in the middle east and all proven fact without the conspiracy. But from these facts there should definitely be some flags raised. And what happened to ppl trusting there gut? And now all anyone needs is an "official" in the report and somehow it is proven imperocaly. “Until you know who has lent what to whom, you know nothing whatever of politics, you know nothing whatever of history, you know nothing of international wrangles.”

— Ezra Pound

Автор — devin7136

How do you believe the US's possession of the world's largest supply of viable oil (in the form of shale) will affect the US's willingness to shift away from the dollar's relationship with the price of crude, or influence it's future actions? It strikes me that ending the inverse relationship between the two would incentivize liquidation of US shale, given the concurrent devaluation of oil due to inevitable increased Saudi production as a result of the inherent profitability in increasing production and the elimination of any leverage-based incentive to moderate production.

Автор — gilligan87

Nicholas, i really learn so much from all your videos. thank you for providing these information. please continue with what you are doing.

Автор — Mohd Ghazali Hj Jamaluddin

why would it be bad if the Saudi's sold their US securities?

Автор — negromermaid 420

it was good to hear this argument from an economical angle

Автор — zimbabwetwinnedwithanfield

Great video btw info everyone should be familiar with.

Автор — devin7136

u need more subscribed, ur contents are goods with indept insight.

Автор — Shahrizal Ibrahim