One Way Of Looking At It
(media.greatawakening.win)
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Energy is the new currency.
New? We’ve been on the petro dollar since the early 70’s, remember when we went totally off gold?
On the surface, I agree with you, but I did compress my comment far too much.
The US Dollar is not a good representation of Energy, it is a Fiat currency … it is a concept created, out of thin air, to price the denomination of Oil. Basically, the creation of the USD is hardly connected to Oil.
The Petro-Dollar as it is today is primarily based on international settlement of Oil — ‘you must use USD to buy/sell Oil, otherwise we will bring our military might onto you Nation.’
Gold was a good representation in that it actually took work to mine Gold, etc. However, the nature of Gold makes it a poor medium of settlement across long distances, especially in todays modern world.
We will have to see how things go with this entire conflict.
You are very correct sir!