We're looking into both a very serious, imminent global recession and a formative global energy nd food crisis. I don't understand why it hasn't happened yet, but i think all the ingredients are here for a crash. The question is, how high can the dollar go before it blows up a whole bunch of other things in the global economy? And are we going to need anoher plaza cord type of global intervention?
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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