Hellow guys, Welcome to my website, and you are watching Death Of The Petrodollar. and this vIdeo is uploaded by Bitcoin University at 2024-06-13T07:09:25-07:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | Death Of The Petrodollar |
| Video Uploader | Video From Bitcoin University |
| Upload Date | This Video Uploaded At 13-06-2024 14:09:25 |
| Video Discription | Get your BU channel membership here: https://www.youtube.com/@Bitcoin_University/join In this video, I discuss the history of the petrodollar system, and how it was used after the ending of the gold standard to encourage demand for USD and US Treasuries. Saudi Arabia recycled its petrodollars back into US Treasuries, thus helping to keep US interest rates low, even in the face of decades of deficit spending and massive issuance of US government debt. China did something similar, recycling its trade surplus back into US Treasuries, keeping US interest rates low and thereby helping to prop up US consumer demand (via taking on debt) for more Chinese goods. That old world is now ending, with countries like Saudi Arabia, Russia, and China willing to trade directly in yuan, commodities, or manufactured goods, thus bypassing the need for US dollars. As nation-states and their central banks hold fewer US Treasuries, the burden is shifted to the Fed to print money and buy them as the buyer of last resort. The world will never return to a gold or oil standard, but will instead embrace Bitcoin as the new global reserve asset. Not investment advice! Consult a financial advisor. My previous videos on petrodollars: https://www.youtube.com/@Bitcoin_University/search?query=petrodollar Saudi Arabia ends 50-year old oil deal: https://x.com/i/trending/1800520771523219581 Yuan Jumps After Report on Saudis Weighing Its Use in Oil Deals: https://www.bloomberg.com/news/articles/2022-03-15/yuan-surges-after-report-on-saudis-accepting-currency-for-oil Digital Yuan Completes First Cross-Border Oil Deal: https://oilprice.com/Latest-Energy-News/World-News/Digital-Yuan-Completes-First-Cross-Border-Oil-Deal.html Historical chart of crude oil prices: https://www.macrotrends.net/1369/crude-oil-price-history-chart Iraq starts selling oil for EUR: https://www.rferl.org/a/1095057.html https://www.theguardian.com/business/2003/feb/16/iraq.theeuro Petrodollars and Qaddafi: https://www.herald.co.zw/petrodollar-system-fuelling-us-sanctions-of-mass-destruction/ China defies sanctions to make Russia its biggest oil supplier in 2023: https://www.reuters.com/business/energy/china-defies-sanctions-make-russia-its-biggest-oil-supplier-2023-2024-01-20/ Russia, China Interested in Expanding Oil, Gas Trade, Putin Says: https://www.bloomberg.com/news/articles/2024-05-17/russia-china-interested-in-expanding-oil-gas-trade-putin-says Belt and Road Initiative: https://en.wikipedia.org/wiki/Belt_and_Road_Initiative China Holdings of US Treasury Securities: https://www.ceicdata.com/en/china/holdings-of-us-treasury-securities/holdings-of-us-treasury-securities I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals. #petrodollar #usd #crudeoil Disclaimer Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky. |
| Category | Education |
| Tags | US dollar | petrodollar | crude oil | Bitcoin University |
