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  • 1 year ago
How Much Longer Can the Petrodollar Survive?

How Much Longer Can the Petrodollar Survive?

Jerry Robinson and Michael Oliver return. New guest Nav Dhaliwal joins us. In 1971 Nixon detached gold from the U.S. dollar and the international monetary system. To maintain demand for a now intrinsically worthless dollar, the mighty U.S. military was used to demand all international oil sales be paid for in dollars. With the ability to print trillions of dollars, not only did Americans live beyond their means but funded the greatest military incursion/regime change, empire building the world had ever known. But now adversarial nations like China, Russia and Iran are threatening the petrodollar hegemony by establishing their own trading and banking infrastructure that excludes dollars for trade. Jerry will explain why a dollar crash may be imminent, what it will mean for your investments and how to protect yourself. Nav will talk about Bonterra Resources' emerging multi-million oz. gold discovery in Quebec and Michael will provide his usual insights into key financial markets.