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23min chapter
The Secrets of Global Finance Explained with Luke Gromen (WIM445)
The "What is Money?" Show
Impact of Oil Decline on Global Finance
Exploring the interconnectedness of oil production, financial systems, and global trade, the chapter discusses the potential consequences of a decline in oil production on Saudi Arabia's export capabilities, oil prices, and the global economy. It highlights the cascading effects of declining purchasing power of bonds traded for oil, prompting a rush to divest bonds for assets retaining value relative to oil. The conversation delves into strategies like allocating foreign exchange reserves into gold and considering a potential scenario of hyperinflation of US treasuries against oil on a global scale.
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