The Great Simplification with Nate Hagens cover image

Alex Gladstein: "Debt Colonialism, The Petrodollar, and Bitcoin"

The Great Simplification with Nate Hagens

CHAPTER

The American Way of Life

I think one of the major reasons we invaded Iraq was to protect the petro dollar. I know it's provocative, but I think that it can't last forever. No monetary empire lasts forever. And it's not going to be China. They don't want the trip in dilemma. The situation is normally when you are a country gets into when it becomes the reserve currency and your exports become uncompetitive. So people stop buying them and get weaker. This is like a natural balance in order for things to work out.

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