In this video I discuss the Petrodollar, or, the U.S. Dollar, the World Reserve Currency. Lately, there has been a lot of discussion regarding the Petrodollar, and it seems to be used out of context. I decided to put together a video discussing the Petrodollar and the origination of the U.S. Dollar becoming the world reserve currency. With oil falling to unprofitable levels, what implication does this have on the world reserve currency? Typically, we discuss the Ripple XRP Price charts in my videos, along with other cryptocurrencies, but we frequently discuss the potential fall of the DXY. But the context we have used is the Federal Reserve printing trillions of dollars. Still, this is true. The money printer is on full grind. However, there is another wrench thrown in this, as the U.S. Dollar is the worlds reserve currency specifically due to oil. Yet, oil is trading at $13 at the time of writing this.
Are we watching the fall of the U.S. Dollar right before our eyes with all of the events going on in the world?
Will this lead to the rise of cryptocurrencies?
Please join me in this video as I discuss the Petrodollar in detail.
Articles mentioned in this video:
Petrodollars
Petrodollars and the System that Created It
How Petrodollars Affect the U.S. Dollar
How The Triffin Dilemma Affects Currencies
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DISCLAIMER: I am not a financial adviser. Investing and trading is risky, and you can lose your money. The information in this video should not be used to make any investment decisions. You should contact a licensed financial adviser prior to making any investment decisions.
