I predict that at some point in our lifetimes, and probably well before the present decade is out, we'll get to a cuban missile crisis like moment. I fear that the coved 19 pandemic will be remembered as the easy part of the 20 twenties, before things got really bad. An oil price crash down to forty dollars is entirely possible in the face of an oncoming global recession. A natural resource centric world war, where nations hoard rather than trade, natural resources, is entirely possible. And i don't see any way out of it long term.
MacroVoices Erik Townsend and Patrick Ceresna welcome Dr. Anas Alhajji to the show to discuss the role of the petrodollar system and what the implications would be if other nations settled oil trades in currencies other than the USD. They also discuss the Russian crude price cap proposal and why it can’t possibly work. https://bit.ly/3QDd8IU
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