Post
Topic
Board Economics
Re: Is the US dollar backed by oil?What do you think?
by
Ranly123
on 23/03/2019, 11:42:33 UTC
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?

Fiat currncy is backed by both gold and oil deposits, so it is not impossible that petrodollar exists. This is what I think about why USA has attacked Osama Binladin because he doesn't want to share their oil deposits to them. And because of that he has faulted by US government about terrorism.