Why the World Doesn't Need Dollars for Oil Anymore

Economies' rise and fall have always been closely tied to access to abundant energy. In fact, the correlation between GDP and energy consumption per capita is so close, it is the same thing.

This relationship makes sense. Energy allows humans to outsource their labor to focus on more productive tasks, and today, our oil-based global industry that transports and creates and is the materials for everything we use today is what has allowed us to create so much wealth and prosperity and access to cheap necessities worldwide.

It makes sense then that if you can somehow tie your value to the value of oil, which is the predominant energy source today, that would benefit you. And in fact, the U.S. tying the dollar's value to oil gave the United States one of the greatest advantages in history, maintaining control over the global reserve currency.

Timecodes
0:00 The Correlation between GDP and Energy Consumption
1:47 The Tie between the value of oil and the U.S. dollar
2:07 The Origins of the Petrodollar
3:07 The U.S. dollar and the Gold Standard
4:34 The Decline of the Dollar and the Rise of the Petrodollar
5:36 The deal between the U.S. and Saudi Arabia
6:55 The Impact of a changing Petrodollar System

My Courses:
Get UNLIMITED Access to ALL my Courses for Only $99: https://heresyfinancial.teachable.com/p/hfu-membership

My New Book: Why We Need the Fed (blank gag book) https://a.co/d/a7caB8Y

My Recommended Affiliate Partners:
Miles Franklin Precious Metals (tell them I sent you) https://www.milesfranklin.com
Monetary Metals https://monetary-metals.com/heresy-financial/
Vaulted https://vaulted.blbvux.net/2rXX47
OneGold (Code Heresy1x) https://bit.ly/3mS6dNo
iTrustCapital (Get $100 of BTC) https://itrust.capital/heresy
Swan Bitcoin (Get $10 of BTC) http://bit.ly/swnhrsy
Ledger http://bit.ly/ldgrwlt
TradingView http://bit.ly/tvchrts
M1 Finance https://m1finance.8bxp97.net/QOKA3P
GroundFloor https://groundfloor-finance.sjv.io/mgRRvy
Fundrise https://fundrise.sjv.io/Ygg2NO

All my socials are @HeresyFinancial
Twitter: https://www.twitter.com/heresyfinancial
Insta: https://www.instagram.com/heresyfinancial
TikTok: https://www.tiktok.com/@heresyfinancial
Reddit: https://www.reddit.com/user/heresyfinancial/
Rumble: https://rumble.com/c/HeresyFinancial

Thumbnail art https://www.vecteezy.com/free-vector/oil-drip

I am not a CPA, attorney, or licensed financial advisor and the information in these videos shall not be construed as tax, legal, or financial advice from a qualified perspective. Linked items may create a financial benefit for Heresy Financial.

#DeathofPetroDollar #Oil #Energy