What is the Petrodollar and Why Does It Matter

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What is the Petrodollar and Why Does It Matter 5
A discussion of what really backs the US dollar: Oil, and the Saudi agreement brokered by William Simon in 1974 to accept only dollars for their oil, and buy Treasury bonds with their excedent.


I love comments on each video, and I try to answer any question posed there as earnestly as I can.

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Author

Hey coach, I have a red pill for you; Modern Money Theory (MMT). The U.S. government can continue to finance itself as long as the USD remains a sovereign currency. They can never be forced to default on debt denominated in a currency they have created by fiat. This petrodollar issue irrelevant.

Author — Andrew G

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I wonder if there is any truth about Saddam Hussain was seeking to start selling oil in Euros before the US invaded

Author — Mad Ahnun

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This was a great explanation of a very difficult system to explain to others. I'd also mention that this is another reason why when you hear people say we should end the Saudi US alliance, that you know they are compltely ill informed and have no comprehension of what the consequences of such a thing would do.

Author — Isaac Cohen

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The Petrodollar is also the "Aircraft Carrier Dollar."

Author — Charlemagne

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And that is why the US murdered Gaddafi, because he wanted to implement a new currency based on gold to trade oil.

Author — vvlmm

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Cryptocurrencies and physical gold is looking better every minute

Author — linguistically oversight 86

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The petrodollar was what I first learned about that began my process of redpilling, around 2012, when I was 13 or 14 years old. Stumbled on some YT videos that talked about it.

Author — Björn Johan Andrésen

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Hence why Khadaffy was killed, why the TPP was put together to hem in China, and so many other bits of the world chess game.

Author — JEvH

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Wow, that was one hell of a good explanation of the Petrodollar.

Author — Texas80

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LMAO, I loved the lego you in the video.

Author — Alexander Drezna

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Great I am not the only one who thinks about currency. I plan a series on my thoughts - when I do so I will ask for your opinion.

Author — Franz Danzi

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The Dollar is backed by the US Military & it's ability to "force" people to use it & the ability to control the world's sea lanes/shipping routes. Oil is just part of that.

Author — A A

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Clear, Precise, simple and Brevity of explanation...
Thanks a lot sir... Genuinely wanted to what all is PetroDollar.. Couldn't find a good video until this.. Thanks again.. 😊😊👍

Author — Sikander Singh Bhangu

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I had been waiting for this one. People don't realize that the Vietnam war effectively bankrupted the US

Author — Qwerty

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very good I left you a message on Patreon you are 100% correct on what you just said. and you did a great job in explaining it.

Author — John Reineke

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The end of America my foot. There are plenty of countries with a higher standard of living than the United States (and no petro-dollar). If the petro-dollar ends, the U.S. military will have to quit policing the globe and wars will break out everywhere as Earth's largest countries return to empire building. We may be better off here in America if that happens. American's can compete with anyone on the planet!

Author — Tuck Sikes

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Found ur channel via Kilroy crap . Really enjoying your brain !

Author — Jude-a-licious !

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This is probably the biggest reason for all the talk about regime change in Venezuela.

Author — osamitsu 2550

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Coach look at Cotton and Food, the USA is the largest exporter of both, also priced in USD. So it is more than oil that backs the USD!

Author — joebonsaipoland

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No, it's not backed by oil.

It's backed by deals.

Author — halafradrimx