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THE PETRODOLLAR GRAND FINALE | RABBIT HOLE RECAP #309

Rabbit Hole Recap

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Debunking the Petrodollar Pact Rumor & Geopolitical Shifts Towards Bitcoin

This chapter debunks the rumor about the end of the petrodollar pact on June 9th, clarifying that the strength of the dollar is mainly supported by treasuries. It discusses the erosion of the petrodollar system, the decreasing demand for US Treasuries, and the tendencies of BRICS countries to diversify their assets, with China increasing gold holdings and reducing treasury holdings. The conversation also delves into global shifts away from the US dollar towards trust-minimized currencies like Bitcoin, as geopolitical tensions rise among superpowers and recent events like the Bank of Russia's directive and naval movements prompt reflections on potential financial and military implications.

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