
SLP453 Luke Gromen - Soft Landing or Hard Landing?
Stephan Livera Podcast
00:00
Is Russia in Control of the Oil Market?
Zoltan Poe: If a big nuclear armed oil exporter starts changing the ratios in which it will transact then that changes everything right. He says if Russia comes out and says you know Zoltan Poe's I wrote about this instead of one barrel per gram of gold we'll do two we will, he says. "It basically turns the whole thing into a contest of what will run out first gold stocks in London and New York a Russian oil" The world is seeing a trickier geopotiable system as we are seeing more countries de-dollarizing their savings but still holding dollar-denominated assets like treasuries or commodities.
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