The role of the petro dollar system in perpetuating the us. Dollars status as reserve currency. One of the senior ministers in russia, sergey glaziev, has architected a plan to try to persuade the rest of the world to stop using dollars and use other currencies. All countries that are trying to get rid of the dollar are the countries with sanctions. And if they keep pushing him to the corner, they will end up with problems.
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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