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The Plain Bagel · 2024년 6월 28일 게시
Take your personal data back with Incogni - use code BAGEL at the link below and get 60% off an annual plan ➡️ http://incogni.com/bagel 00:00:00 - Introduction 00:02:54 - What's a Petrodollar? 00:03:52 - The Death of the Dollar 00:04:36 - The "Petrodollar" Agreement 00:08:00 - Why the Dollar Dominates 00:10:11 - Why Saudi Arabia Can't Quit the Dollar 00:11:55 - The Truth Around the Dollar's Decline 00:14:19 - Conclusion We've seen some fake headlines spreading about the end of a 50-year petrodollar agreement with Saudi Arabia - today's video looks into the facts around the situation. June 8, 1974 agreement (p. 788): https://tile.loc.gov/storage-services/service/ll/lltreaties//lltreaties-25-3/lltreaties-25-3.pdf Bloomberg Story on the July 1974 agreement: https://www.bloomberg.com/news/features/2016-05-30/the-untold-story-behind-saudi-arabia-s-41-year-u-s-debt-secret?sref=Oeyjq8by&embedded-checkout=true If you'd like to support the channel, you can do so at Patreon.com/ThePlainBagel :) DISCLAIMER: This channel is for education purposes only and is not affiliated with any financial institution, although Richard does work as an employee for an investment manager. Richard Coffin does not provide recommendations on The Plain Bagel - those looking for investment advice should seek out a registered professional. Richard is not responsible for investment actions taken by viewers
