Topic: Is the US dollar backed by oil?What do you think? - page 4. (Read 515 times)
Fair points given by the guy, and it has been bothering me too as to why the US is too keen on what's happening in the middle east and trying to assert dominance over the countries in there. Also, not once had Saudi Arabia been the first ones to introduce hostility to the middle-eastern governments, it was always the US going in on the front lines followed by Saudi next. Though I'd like to believe that in part, the US is backed by oil, it still is far-fetched, considering how fast banks print USD without any hesitations whatsoever on what they're doing.
I do not know the area you are looking at this from. I just would not say yes that the US dollar is backed by oil but that the dollar is the measure of value in currency to the oil. And so, the dollar is a determining factor to how the oil will be priced.
Anything can happen. I think that such theories pollute the head and do not allow to focus on something more important.
I kinda like this guy and his Youtube content,but he is anti-bitcoin and he has some solid arguments.
https://www.youtube.com/watch?v=YChQ3KQ_1f4
https://www.youtube.com/watch?v=xNr1LWgIyiE
The first video is about the bitcoin bubble and the second video is explaining the petrodollar and the US/Saudi Arabia relationships.The petrodollar conspiracy theory sounds pretty good to me.
What do you think?
https://www.youtube.com/watch?v=YChQ3KQ_1f4
https://www.youtube.com/watch?v=xNr1LWgIyiE
The first video is about the bitcoin bubble and the second video is explaining the petrodollar and the US/Saudi Arabia relationships.The petrodollar conspiracy theory sounds pretty good to me.
What do you think?
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