The War On The US Dollar

Join the Trader University email list: https://www.trader.university/email-list The Collapsing Petrodollar Standard:    • The Collapsing Petrodollar Standard   In this video, I discuss how Russia, China, and Saudi Arabia have sought to bypass the petrodollar system, and trade oil in currencies other than the US dollar. Less demand for petrodollars ultimately means less demand for US Treasuries, which puts the onus on the Fed to keep printing and monetizing US government deficit spending. Not investment advice! Consult a financial advisor. High US inflation: https://www.reuters.com/business/us-c... Political discontent: https://graphics.reuters.com/USA-BIDE... OPEC and Russia rebuff Biden: https://www.nytimes.com/2021/11/04/bu... Biden tries to get Saudis to pump more oil: https://www.businessinsider.com/us-of... Saudis snub Biden: https://www.wsj.com/articles/as-oil-n... Iraq dumps dollars for Euros: https://www.theguardian.com/business/... US withdraws from Afghanistan: https://www.newyorker.com/news/daily-... China starts paying for crude oil with yuan: https://www.reuters.com/article/us-ch... Russia's Treasury holdings by month: https://i.dailymail.co.uk/i/newpix/20... Russia's latest Treasury holdings: https://ticdata.treasury.gov/resource... Russia gold reserves: https://tradingeconomics.com/russia/g... Saudi is top oil producer for China: https://www.reuters.com/business/ener... Russia and China agree on pipeline: https://www.reuters.com/world/asia-pa... I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals. #Russia #China #Oil Disclaimer Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.