Heresy Financial and Lynette Zang 3-31-2023
Why the World Doesn't Need Dollars for Oil Anymore
Hereesy Financial: 3-30-2023
Economies' rise and fall have always been closely tied to access to abundant energy. In fact, the correlation between GDP and energy consumption per capita is so close, it is the same thing.
This relationship makes sense. Energy allows humans to outsource their labor to focus on more productive tasks, and today, our oil-based global industry that transports and creates and is the materials for everything we use today is what has allowed us to create so much wealth and prosperity and access to cheap necessities worldwide.
It makes sense then that if you can somehow tie your value to the value of oil, which is the predominant energy source today, that would benefit you.
And in fact, the U.S. tying the dollar's value to oil gave the United States one of the greatest advantages in history, maintaining control over the global reserve currency.
Timecodes
0:00 The Correlation between GDP and Energy Consumption
1:47 The Tie between the value of oil and the U.S. dollar
2:07 The Origins of the Petrodollar
3:07 The U.S. dollar and the Gold Standard
4:34 The Decline of the Dollar and the Rise of the Petrodollar
5:36 The deal between the U.S. and Saudi Arabia
6:55 The Impact of a changing Petrodollar System
Is the FED Creating Artificial Demand for the USD?
Lynette Zang: 3-30-2023
nflation is back and it's happening globally. I hope you're ready for the hyperinflation because we're going to talk about this coming up.
Chapters:
0:00 Introduction
00:49 Spot Gold Market
2:32 Fed Fallen Behind The Curve
4:40 New Inflation Data
6:42 Supply Chains
8:40 Trouble Inflation Is Causing
16:34 No Soft Landing
22:31 Inflation Is Global
26:05 Wealth Shield
27:51 Wrap Up