The Shocking Truth About the PetroDollar
The Shocking Truth About The Petrodollar
The Nomad Economist: Premiered 69 minutes ago
Looks like Russia has declared the petro-dollar to be the nyeto-dollar.
Russia’s largest oil company Rosneft has set the euro as the default currency for all new exports of crude oil and refined products, as the state-controlled giant looks to switch as many sales as possible from U.S. dollars to euros in order to avoid further U.S. sanctions against it.
Rosneft is the biggest oil exporter from Russia, selling around 2.4 million barrels per day of oil, according to Reuters estimates . That's around $4 billion a month that will no longer be transacted in dollars.
Roughly 3% of daily oil trade. Not a huge matter, but it is just one company. Good for the Russians! Besides, why do you need to trade in dollars, when most of your energy export trade goes to Europe anyway?
It's best and far more logical to be dealing in Euros, (or something that has more tangible value like gold), instead.
I have insider information that Gazprom is about to do the same and ditch the dollar .
Russia is just the beginning.This will only increase with the One Belt One Road project . Russia knows the US Dollar global financial system is a fraudulent criminal enterprise run by parasitic murderers.
I expect to see more of these moves in the future.
Imagine Saudi gets taken offline with Iran, Syria, Iraq, Venezuela and Russia selling off the petrodollar. Weaponize the dollar and people start using other currencies to get around it.
Being the reserve currency is a privilege, abuse it and the world will ever so slowly year by year move away from it via digital currencies and other currencies.
Threats of using SWIFT as a weapon will also result in countries finding other ways of settling accounts.
When you weaponize a currency, countries will run from it like AIDS. It can kill your economy.
America has abused it's privilege. All fiat currencies expire. History is littered with failed currencies. The problem for the fed and the debt ridden US economy is that it cannot stand any loss of dollar funding or debt expansion.
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Ross: The Thing about the Clarity Act
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In 2030 and beyond everyone is going to look back in hindsight at how primitive it seems to consider that in just 2026, the crypto industry was held back as long as it was due simply to a lack of regulation.
There is a nuclear explosion of growth pending in this market.
We’ve seen nothing yet.
Dinar Update | 113 Trillion Printed – 94% Outside the Banks | Why REER Is in Play
MilitiaMan and Crew: 8-4-2026
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
No drama. No intrigue. No songs and dances. Just straight, factual news that I read and interpret to the best of my ability after being an avid Dinar investor and insanely obsessed Dinarian for over 15 years.
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Good Afternoon Dinar Recaps,
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Front-month Brent futures rose $1.12, or 1.3%, to $84.89 a barrel by 0355 GMT after dropping 7% in the previous session to a three-week low.
Tuesday Coffee with MarkZ. 08/04/2026
MarkZ Disclaimer: Please consider everything on this call as my opinion. Be sure to consult a professional for any financial decisions
MZ: It looks like a slow news day so we can focus on some questions after we cover Iraq's liquidity crunch and Japan's already 100 billion bailout that is not enough. Pipelines and diversification hold the key to Iraq's future. Dr. Jay Caprietta shares a word after the news.
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
TNT:
Tishwash: Washington begins withdrawing its last troops from Iraq and Kurdistan, ending its military presence.
A report published by Al-Monitor on Saturday (August 1, 2026) revealed that the US military has begun implementing the final phase of its military withdrawal from Iraq by withdrawing its last remaining forces in the Kurdistan Region, along with air defense systems and related military equipment, in a move that represents the conclusion of the plan to end the US military presence in the country.
The report, which was followed up by "Baghdad Today", stated that the withdrawal includes forces stationed in bases within the Kurdistan Region, which represented the last American military presence after the completion of the evacuation of bases located within the areas under the control of the Iraqi federal government at the beginning of this year.
KTFA:
Clare: Channel8 Exclusive: Iraq Faces Liquidity Crunch as Oil Revenues Fall
At a Glance
Iraq faces a cash liquidity shortage.
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Oil revenues have dropped sharply.
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Rob Cunningham: One Ultimate Token Question
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One Ultimate Token Question
“If all ‘powers that be’ were forced to vote in support of one, and only one, ‘synthetic hegemonic currency’ the world must adopt today, and use for the next 10 years, with no wiggle room, delays or excuses, what token would be chosen, today?”
ANSWER:
XRP.
KTFA
Monday Night Video
FRANK26…8-3-26….KITCHEN CABINET
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
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During the visit the two sides are expected to discuss security cooperation, economic ties, and investment. Saudi Arabia intends to present Al-Zaidi with evidence that allergy shows attacks against the Kingdom were launched from Iraqi territory.
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Good Afternoon Dinar Recaps,
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Rob Cunningham: The World’s Reusable Bridge
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Imagine there are only 100 billion bridges on Earth.
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