The "What is Money?" Show

The Secrets of Global Finance Explained with Luke Gromen (WIM445)

19 snips
Mar 13, 2024
The podcast delves into peak cheap energy, global monetary system changes, geopolitical maneuvering, oil production dynamics, gold-backed settlements, American debt restructuring, inflation, the Anglo-American empire, energy productivity, global debt crisis, oil prices, gold reserves, Bitcoin in geopolitics, and restructuring the global monetary system for stability.
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INSIGHT

Systemic Risks of Petrodollar System

  • The international financial system is vulnerable to oil price shocks due to the petrodollar system.
  • A third oil crisis could trigger a collapse as oil-importing nations' reserves lose value.
INSIGHT

Peak Cheap Oil: The Real Threat

  • Peak cheap oil, not peak oil itself, is the real threat to the current system.
  • Higher oil prices erode debt-backed dollar reserves held by oil exporters and importers.
INSIGHT

Dangers of Monetizing Oil

  • Monetizing a productive commodity like oil causes major disruptions.
  • A 1973 plan to back dollars with oil led to a 400% oil price surge and the 1970s inflation.
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