Florida Coin Shop Owner & Gold Dealer Talks Petrodollar | What Does This Mean For USD?!
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- เผยแพร่เมื่อ 2 ต.ค. 2024
- Florida Coin Shop Owner & Gold Dealer Talks Petrol Dollar | What Does This Mean For USD?! #Trending
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What say you? - - Keep it civil.
Oh thumbs up again and thank you 2 lol😊
TH-cam won't let me give thumbs up so I typed it they've been doing that alot lately to me and block or hide my comments sorry
THUMBS UP TO YOU
A question where are Imports will be if our dollar? Collapses who is going to ship goods to us when we pay them in dollars that have no backing no commodities behind it behind it I think we will be in big trouble real there is not an awful lot produced in America Electronics from Japan manufacturing from China natural gas from Russia minerals from South Africa those are all the brics nations doing trade what are we going to pay him in what if they flip the scales on us 100.00 to 1 Russian ruble possibly
No idea what will happen. We can only hope everything pops/crashes and roll into asset backed new currency.
Funny how the news media is relatively quiet about this. Watch the Cyrus Janssen video titled: 'Saudi Arabia just shocked the dollar!' It was posted today.
I think free market trade rules should always be the best policy. Having crude settlement exclusively in u.s. currency is convenient for American politicians tied to lucrative business deals, but not so much for the rest of the world. Most of our practices on the world stage are designed to destabilize the economy in that country in order for us to command its resources. The United states has good people in it, it's politicians however do not reflect that fact.
Time will indeed tell what comes of this. I think having bubbles pop might actually be good for the US. Thanks, guys!
I don’t think the Petrodollar is as big of a deal as most of us may think, around 2014 was a time that the Petrodollar didn’t produce enough revenue and another point is how the BRICS are trying to create a gram of gold to a barrel of crude oil. Another point is how much has the USA invested in its military just to protect this petrodollar in the past. Yes I still don’t think losing this status is a big deal.
Great video, love the content!
Keep em coming!
The US is the top oil producer in the world so the end of the petrodollar should only affect us progressively as more and more nations stop buying oil in USD (and provided we can keep importing heavy oil for diesel and jet fuel and export our light oil and natgas at reasonable prices). The fact that Washington is relentlessly trying to pick up a fight with China is bound to release huge amounts of inflation sooner or later... and unlike the petrodollar related inflation, that one is going to hit us like a tidal wave.
Lord Have Mercy, all I want is me GOLD. Thanks for the video Brian and Tim. 👍. Life is good......God Bless
I say like precious metals keep energy diversified.
🤷 probably not good, yay for us gold and silver buyers. May just empty half of my savings and buy more.
You gave us your options on how the end of the petro dollar could effect the economy but not on how it could effect G&S
Brian said it would be massivly inflationary. He did say what effect it would have of G&S. You just failed to read between the lines.
In all reasonable theory, GnS will go up in accordance with inflation. But do not expect rocket launch, the other currencies will tamper down our inflation. If we can go, as a planet, long enough without major conflict and war a balance between currencies should be achievable. The likely hood of that happening any time soon is low, for all the reasons that are in the news.
Every youtube silver guru out there is saying silvers not obtainable anymore, we are out; can't get it anymore, should I send them to vermillion?❤
Please do
Long term. All of those dollars are coming home. Inflation?
Hyper.
@uneducaredeconimist explains all of this like no one else. The Dollar isn't going anywhere. The world needs dollars to pay their dollar backed debts. Russia recently sold oil for Rubles and now they're just sitting on them because no one wants them. Imagine a gas pump that takes any currency and you have in your wallet $100, $20 in Euros, $2 in Yen and 35 cents in Yuan. Roughly correlated to the world supply. You need $75 to fill your tank.
Not a big deal for the U.S. But it could be a problem for the Saudis and other countries that have relied on the stable dollar. When the next crisis hits, they will be reminded why they love the dollar. Big gains in domestic energy supply have diminished the U.S. economy's reliance on oil imports, and petrodollar reinvestment. Meanwhile, the global economy remains deeply dependent on the dollar as a reserve currency.
When times get tough the metals are always devalued here in the USA no one will give you anything for it watch you'll see
Only way to psh back is drill our own oil. Drill baby drill
I work in refining. We can’t process all of our native oil. It’s too light. The us is the worlds top producer but we export a third of it. However the petrodollar is an entirely different deal
@@univalve1 thanks I didn't know that.
Producing our own energy is still a very good thing. It limits what happened in the 70s when the Middle East stopped selling to us. So we are far more free from that situation now because of domestic production. And worst cast is refineries could retrofit to process lighter slates. It would cost billions but could be done.
The petrodollar initially was a way for us to secure energy from the mid east. And it worked. But later it became a way for the US to have a huge use of its currency. While the energy source isnt nearly as needed the use of our dollar is.
Brian is correct in that the world pulling back from our currency will cause us inflation. No way around it. There are ways to correct this but they come at short term pain. Washington and the public don’t have the stomach for this. So we will continue to buy our own debt. Which will cause more inflation.
This won’t cause us to collapse in the next five years but if nothing is changed the dollar will inflate exponentially.
@@univalve1 I read somewhere that we haven't built a refinery in decades.
As far as the petro-dollar is concerned, I'm sure that a lot of these other countries are tired of being threatened with U.S. sanctions when they don't comply with our foreign policy whims. So, it's no surprise that Saudi Arabia didn't renew the agreement. However, Saudi Arabia does still accept USD for oil purchases. That part seems to be understated.
@@phuckyu3383 1976 was the last grass roots refinery. Since then it’s just been expansions and better utilization. Refining is at an all time high however with far few refineries. It has clean a lot of the chaff out of the industry to be honest. The industry is safer and cleaner for it.
Bretton Woods was a generational event. The original petrodollar agreement was too and now we have the end of the petrodollar and the emergence of BRICS which are also generational events. There will be massive pain when these dollars come back home. We do not have political leaders with any wisdom and frankly we the people have voted them all in.
Well said
Sounds like thousand dollar an ounce silver to me.
always appreciate your input on what's going on
While our interest rates remain higher, our debt “bonds” still have world appeal. If we lose an interest rate edge, honestly I don’t know what will happen to the Dollar, DXY.
Meanwhile, what’s the scoop on the defense of Saudi Arabia?
That's part of the reason why were🎉in this mess. Trump threatened the Saudis into cutting oil production and they never brought it back up.
its going to get worse, before it gets worse.
That’s a bold strategy cotton, let’s see if that pays off for them 😂😂😂
We have come a long way since the pandemic. I would say we have done well here in the US. How soon you forget just how bad things were just a few years ago.
I’m here for wisdom
All other currencies are in worse shape than the US dollar and I doubt the Saudi's will accept most other currencies. Many countries will still need to procure US dollars if they want oil; thus, the petro dollar will not go away quickly. We shall see how well the BRICS digital commodity backed currency progresses.
It will not come back. Our nation needs new leadership. Both parties are at fault for decades. Short term effects will be scary.
Stavros in Florida caught your video and enjoyed it thank you, short term 18 to 24 months, pain that will bring more inflation, longer-term it could be better for us. But it still will be needed around the world, but to lesser extent and use.
I’m pretty sure they started taking other payment methods for over a year now…
I was a young adult in the 1970s, so this latest instance of panic makes me laugh a little. We're nuts for depending on all things petroleum-related, including the petrodollar. When those pandemic stimulus checks arrived, I invested in a couple portable solar generators. I put $ into laddered CDs last year and plan to buy more of them in the coming months, along with restocking my pandemic pantry. Oh, and I can garden year-round, thanks to the generators powering a small hydroponics setup. Think ahead a little rather than complaining.
Exactly
We have been running on empty for a long time. Time to pay our bills. Our children will not have the same opportunities we had.
There are not enough dollars to pay off the debt. We need a reset of the currency.
This is my favorite channel on YT.
Focus on two big things. The number of ships going in vs coming out of the port of New Orleans. And the number of ships going in and out of San Diego/Long Beach. Thats the easiest way to see where we stand.
Same as the shop....crazy similarities
@@vermillionenterprises It just occured to me. If Trump is able to get the ALL TARIFF policy replacing Income Tax, it would eliminate the devaluation of the dollar caused by losing the petro-dollar. Think about it, that would create Global parity very fast. Our income tax is the inflation release valve for excess currency that interest rates cannot handle.
If it isnt negotiated the us will determine that the Saudis need some freedom soon enough
Pretty sure they have weapons of mass destruction
I think....That we should take them at their word about a great reset and about insolvent banks.
That's a big question.... some observers, have been watching this for over a decade.... 2 decades, if I am to be completely honest....
And let me say, I am not a financial advisor. I do not have my series 6, I do not have my CFP..... I'm just a knucklehead on the internet, for your purposes...... Let's be very clear. No one should take these comments seriously. This is for entertainment only....
Now, with all due respect... With ALL DUE RESPECT to Brian.... I disagree with the idea that "the real estate bubble will burst".....
For starters, people, real estate is always, and always will be, about the local market.... So, I would say, be very very careful, when listening to "national pundits" talk about real estate... The real estate is Naples, is very different than the real estate in Wichita, or Boulder, or Santa Barbara, or Minneapolis..... Or Bloomington Minnesota, or Mequon Wisconsin.... I could go on & on. Be very very careful. Evaluate the area where you are... Or, even more important, evaluate the area where you want to move to.....
My point here is, even if you are trying to say "Florida Real Estate".... Florida is a big state. You cross the border at mile marker 460, whatever... The exit where you bought your house is 161. You are still a long ways from your house.... You drive to Biloxi.... MOST of the 9 hour drive is Florida.... So, again, be very very careful, when people say "Florida Real Estate" to you..... This is a big area, with many different zones within it.... What is happening in Tallahassee, is not the same as what is happening in Arcadia... And that's not the same as Lakeland... And that is definitely not the same as Naples, or Bonita Springs.... Matlacha... Jupiter... It's all different... Brevard County. All different.
So look, again, with ALL DUE RESPECT to Tim... I have profound reservations, with a comment like "the bubble is going to burst"...... Uhhh, be careful, thinking that. Depending on who you believe.... Look, we are at "peak retirement" right now, of the baby boomers.... so depending on who you believe, 1 to 8 thousand people per quarter are trying to retire to Florida.... these numbers are all over the map, but... I think it's fair to say, there are a lot of retirees, and at least some of them are trying to move to Florida. Building here, is at FULL WIDE OPEN pace..... there is nowhere near enough housing, to house these people. and many are coming from areas that are very expensive, like the New York Metro area.... So those people, if a house used to cost $250k, and now it costs $500k, New York people are not put off by that... their stupid little house in new jersey just sold for 1.1 million.... So they are thrilled to pay $500k for a real house......
Enough of that. Now, if the Dollar, were to suddenly NOT be the "reserve currency of the world".... We don't really know what the effect might be. Could it devalue??? Sure, absolutely.... But at the same time, what currency is better?? The Pound?? The Euro??? The Australian Dollar?? The Canadian Dollar? To some degree, we're looking at a pile of dirty shirts in a laundry basket.... They are all dirty, but the Dollar quite honestly, could be the cleanest shirt in the laundry basket.... It's not perfect, but it is backed by the strongest military in the world, by a large margin.... And that means something, whether you like it or not... We can project power, when necessary, anywhere on the planet....
So the Saudis are going to take Rubles.... They're going to take Renminbi.... I challenge you, gentle readers, if you're really going to take Renminbi for your hard assets, does that really make you feel good??? What is backing this currency???? What am I trading, for my precious Oil???? The CCP.... I'm gonna take their currency?? I'm gonna take their promises??? I feel like we all saw what happened in 2020.... Trust, is a valuable commodity... Trust, cannot be bought.....Unless a shipload of gold bullion arrived in my port, I am not trusting..... If I'm a Prince in the Saudi Royal Family, I need more than talk & promises.....
My whole point here is, The Saudi Royal Family, in particular.... I feel like, it is smart of them, to posture themselves, and say hey, we have options.... That is Negotiating 101.... You'd like to have some leverage, when you sit down at the table.... But in the end, these people are exceedingly wealthy... These Princes have been educated in the west.... They know what they are doing.... They will eventually sign a new deal with the west.... If for no other reason than, they have piles of F15's, F16's, other equipment, and they need parts and techs and expertise, to keep that equipment up & running.... and they know it's the best that money can buy....
Plus, I just can't get my head around the idea of.... I'm gonna say no to US Dollars.... And I'm gonna say yes to Russian Rubles.... Look people... You put your Chevy Tahoe on Marketplace.... A dude shows up and says "Hey, I can pay you in Rubles!!!! " Look people, I might be different than you, but I am saying no, go get me dollars, and come back....
Fighter planes are like BMW's... They need tons of parts, tons of maintenance, tons of technical expertise, and tons of money, to keep them in the air..... And they need to have that, to defend the Kingdom from the "actors" in that area of the world..... So yeah, that's just the cost of doing business, in the Kingdom.....
I'm just saying... It's good to have your precious metal position.... Nobody has a crystal ball.... Nobody knows, really, what's coming... We probably spend a little too much time celebrating the people who made risky calls, and turned out to be correct.....
This comment is way too long already.... Do your own research people.... Brian makes some good points, but.... And he is right to make this video. I think our lamestream media does a poor job of informing us about what is really happening.... CBDC?? Not a word in the media. The expiration of the petrodollar? Not a word. So yes, it takes some courage, for Brian to make this video... And I do applaud that.... I do. Brian is 1 person. I would urge you to find out what 20 different people are saying..... And go from there.
Does any of this mean it's a bad idea to have a precious metals position??? No. Absolutely not. It is ALWAYS a good idea to have a precious metals position..... Cash is ALWAYS King... Precious metals are even better than cash.... Draw your own conclusions....
God forbid that the U.S. can't use the USD to brow-beat other nations into complying with our reckless foreign policy initiatives via sanctions. And where did the U.S. get the authority to dictate to the world whose currency to use?
@@danutebahena179Misinformation 101. The Russian stock market didn't 'crash'. They suspended trading in USD and Euro because of another round of U.S. and British sanctions over Russia's meddling in the Ukraine money laundering operation. And only some were exchanging Rubles to USD at 200 to 1. And that was from a Yahoo Finance article. Not much to see because most Russians and Russian businesses moved away from USD after the first round of sanctions. So, not quite the horror story you made it out to be. 🤷
Sweet Baby Jesus!
Drill baby Drill
Thank you for taking the time to share your thoughts, appreciate the industry insights.
It is incredible how bad things have gotten in the past 3 years under democrats
But it would be 10 X worse if Trump were still in office.
Ya, the previous president never gave away trillions of dollars for free. No fault there. Alternate fact: adding tons of debt does not cause inflation, only Democrats do.
Well that’s helpful.
Our issues go back much further than 3 years. I swear, Trumpers never miss an opportunity to be nasty.
This is the best economy in the world, support America stack dollars, the dollar is doing fine! Inflation is just the cost of doing business, I'm 79 and have seen it before!
Does anyone have an idea why the dollar didn't take a hit from this news? I thought it would/should for sure.
Its amazing how a few short years everything can go from great to horrible
Everytime a republican gets in office it seems to happen and some dem fixes it then som gop takes credit as they wreck it again fir some dem to fix . History
It is just a discussion. One man's opinion. Remember, this is an election year, a lot of fear and fake news are being spread by the people who want back in power. Be careful what you believe from random sources on social media.
Not coming back ,the world is tired of being bullied by the U.S.
World is going to CBDC. Invest in XRP (going to be used by all banks worldwide to facilitate cross border payments). Also get XLM (stellar), XDC, Hbar. Buy from an exchange and then transfer to your own cold wallet. XRP will be backed by gold.
Nope. 👎
We are doomed...
Fear, fear, fear.
way to be informed🤙🏽
I realize there are many articles promoting this as fact and I think the Petro dollar should be done away with but there is no official evidence whatsoever that this agreement has ended from the US, or Saudi Arabia, or that the agreement was for 50 years.
The US has been a poor steward of the Reserve Currency.
Agreed we abused it. Ran up a huge debt from it and even weaponized it. What’s coming our way was mostly earned from our own actions of how we used the reserve currency status.
@@univalve1$100T in unfunded liabilities. Why are some people convinced that this is sustainable?
Buy more precious metals! Glory to GOD!
Drill baby drill!!!!
WE NEED TRUMP BACK😊
He got us into a lot of the stuff we are trying to fix. No thanks!
Can we disassemble our ocean going navy now?
I don’t know if you would like the results of that. Oil trade in the Middle East would be impacted and china would have rule of the seas that impact about a quarter of world trade. Yea it sucks to be the ocean police force but without one man it would be a mess
@@univalve1Given the rise of BRICS, I'm thinking that the Russians and ChiComs good fill in the gap left by Team America: World Police.
We live in a one world system. There are no countries. Give the money they take from us for the defense budget, and give it back to the people.
@@phuckyu3383 oh I agree. A power vacuum is always filled. That’s my point. I don’t think we would like the results.